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Gold/Mining/Energy : KERM'S KORNER

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To: Herb Duncan who wrote (8147)	12/25/1997 6:26:00 AM
From: Kerm Yerman	of 15196

FINANCING / Courage Energy Private Placement COURAGE ENERGY INC. TSE SYMBOL: CEO DECEMBER 24, 1997 Courage Energy Announces Private Placement Agreement CALGARY, ALBERTA--COURAGE ENERGY INC. (TSE - CEO) announces that it has entered into private placement agreements to issue up to 1,070,000 Flow-Through Common Shares at $2.10 per share. Total proceeds of $2,247,000 will be used by Courage to fund an exploration program on its existing petroleum and natural gas properties. Courage Energy Inc. is a Canadian oil and natural gas company. The principal business is the exploration, development and production of oil and natural gas. The common shares of Courage are listed on the Toronto Stock Exchange under the symbol "CEO".

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