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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (11225)	6/13/1998 9:26:00 AM
From: Kerm Yerman	of 15196

FINANCING / Cantex Energy Private Placement Status CANTEX ENERGY INC. - ANNOUNCES PRIVATE PLACEMENT UNDER NEGOTIATION NOT CLOSED YET Date: 6/11/98 2:19:25 PM Stock Symbol: CTXE CANTEX ENERGY INC. (CTXE-OTC, CXEGF-BB)("Cantex") referencing the press release of June 1, 1998, Cantex announces that the Private Placement which was under negotiation has not yet closed. Negotiations are continuing and it is expected that details will be available in the near future. Total shares issued and outstanding: 11,372,674

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