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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
FORM 4
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Robert B. Poile
2 American Lane
Greenwich, Connecticut 06836
2. Issuer Name and Ticker Trading Symbol
Repap Enterprises, Inc., [RPAPF]
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for (Month/Year)
March 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
X Director
Officer (give title below)
Chairman
10% Owner
Other (specify below)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned
1. Title of Security (Instr. 3)
Common Stock
2. Transaction Date (Month/Day/Year)
3/26/98
3. Transaction Code (Inst. 8)
J(1)
V
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 22 million
(A) or (D) A
Price $ Cdn. .28
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
22 million
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
D
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
(1) Distributed in connection with redemption of Mr. Poile's membership
interest in River Road (Canada) L.L.C.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
2. Conversion or Exercise Price of Derivative Security
3. Transaction Date (Month/Day/Year)
4. Transaction Code (Instr. 8)
Code
V
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3,
4 and 5)
(A)
(D)
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable
Expiration Date
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title
Amount or Number of Shares
8. Price of Derivative Security (Inst. 5)
9. Number of Derivative Securities Beneficially Owned at End of Month (Instr.
4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr.
4)
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Explanation of Responses:
** Intentional misstatement or omissions of facts constitute Federal Criminal
Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
By: /s/ Robert B. Poile April 8, 1998
**Signature of Reporting Person Date
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