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Gold/Mining/Energy : KERM'S KORNER

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To: Arnie who wrote (8140)	12/24/1997 3:10:00 AM
From: Kerm Yerman	of 15196

FINANCING - SPEC 12 / Spire Energy $1.5 Million Financing SPIRE ENERGY LTD. ANNOUNCES $1.5 MILLION FINANCING CALGARY, Dec. 23 /CNW/ - Spire Energy Ltd. has agreed, subject to regulatory approval, to the private placement of 789,474 Common Shares of NCE Resources (97) Limited Partnership. The shares will be issued on a flow-through basis at a price of $1.90 per share, for aggregate proceeds of $1.5 million. The funds will be used to fund a portion of Spire's exploration and development activities in the remainder of 1997 and in 1998.

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