KERM'S KORNER Message Board

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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14637)	1/5/1999 9:40:00 PM
From: Herb Duncan	of 15196

FINANCING / Justinian Closes Private Placement ASE SYMBOL: JEL JANUARY 5, 1999 CALGARY, ALBERTA--JUSTINIAN EXPLORATIONS LTD. (JUSTINIAN) ANNOUNCES that it closed a private placement of 3,410,000 flow through shares at a price of $0.10 per share for gross proceeds of $341,000 on December 31, 1998. The proceeds from this private placement will be used to fund the company's exploration and development activities. Justinian Explorations Ltd. is an oil and gas company based in Calgary, Alberta. The common shares of the Company are listed on the Alberta Stock Exchange under the symbol "JEL".

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