[Federal Register Volume 63, Number 37 (Wednesday, February 25, 1998)]
[Notices]
[Pages 9619-9620]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-4712]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw From Listing 
and Registration; (Rigel Energy Corporation, Common Shares, No Par 
Value) File No. 1-10750

February 19, 1998.
    Rigel Energy Corporation (``Company'') has filed an application 
with the Securities and Exchange Commission (``Commission''), pursuant 
to Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and 
Rule 12d2-2(d) promulgated thereunder, to withdraw the above specified 
security (``Security'') from listing and registration on the American 
Stock Exchange, Inc. (``Amex'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Security 
from listing and registration include the following:
    The Security also has been listed for trading on the Toronto Stock 
Exchange and the Montreal Exchange since June, 1991. The Company has 
represented that it will maintain such listings so that holders of the 
Security are provided with accessible and liquid markets.
    The Company has complied with Amex Rule 18 by filing with the 
Exchange a certified copy of the resolutions adopted by the Company's 
Board of Director's authorizing the withdrawal of the Security from 
listing and registration on the Amex, and by setting forth in detail to 
the Exchange the reasons and facts supporting the proposed withdrawal. 
In making the decision to withdraw the Security from listing on the 
Exchange, the Company considered the volume of trading in the Security 
transacted on the Exchange (less than one percent of the aggregate 
trading volume in the Security since 1995); the relative liquidity 
provided by the Amex versus other securities exchanges; the trading 
pattern of shareholders based in the United States; and the costs 
associated with maintaining a multiple listing of the Security.
    By letter dated June 3, 1997, the Exchange informed the Company 
that it would not object to the withdrawal of the Security from listing 
and registration on the Exchange.
    By reason of Section 12(g) of the Act and the rules thereunder, the 
Company shall continue to file reports under Section 13 of the Act with 
the Commission.
    Any interested person may, on or before March 12, 1998, submit by 
letter to the Secretary of the Securities and

[[Page 9620]]

Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549, 
facts bearing upon whether the application has been made in accordance 
with the rules of the Exchange and what terms, if any, should be 
imposed by the Commission for the protection of investors. The 
Commission, based on the information submitted to it, will issue an 
order granting the application after the date mentioned above, unless 
the Commission determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-4712 Filed 2-24-98; 8:45 am]
BILLING CODE 8010-01-M