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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (608)	10/24/1996 7:02:00 AM
From: Kerm Yerman	of 24935

TOP TWENTY SELECTION UPDATE REFERENCE MESSAGES 290/91/92 Jordan Petroleum Ltd. Stock Exchange: Toronto Stock Symbol: JDN October 24, 1996 Note, this posting is a week old. JORDAN PETROLEUM announces that it has closed a $23.1 million "bought deal" with Griffiths McBurney & Partners and Peters and Company Ltd. who were issued 2,800,000 shares of the company at a price of $8.25/share. As a result, the company now has approximately 25.6 million shares outstanding. Net proceeds from the financing will be used initially to reduce bank debt and to fund the company's exploration program.

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