LOCAL OILERS GROUP SECURES LOAN, BUT DO THEY HAVE ENOUGH $$?

          "The bank deal is done.  They've got the loan.  The
     Edmonton Oiler ownership group has its financing in place,"
     according to Terry Jones of the EDMONTON SUN.  The group's
     $5M U.S. non-refundable deposit is in an account, and the
     lawyer's trust check "will likely be written by midday
     tomorrow."  Jones reports, however, that "the deal still
     isn't sealed, and it will go down to the deadline."  Local
     group spokesperson Cal Nichols: "There is reason to be
     concerned.  We still don't have enough of the equity money. 
     But there are irons in the fire" (EDMONTON SUN, 3/12).  In
     Edmonton, Bart Johnson reports that the local group
     yesterday received C$1M from Jim Woods, a financial advisor
     with Midland Walwyn Capital, to bring the group's total to
     C$49M.  Nichols said that he "wants a commitment for the
     full" C$60M by tomorrow's deadline (EDMONTON SUN, 3/12).