[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
