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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8186)	12/30/1997 4:48:00 PM
From: Arnie	of 15196

FINANCING / BriAlto Energy closes Flow-Through Share Offering CALGARY, Dec. 30 /CNW/ - BriAlto Energy Corporation (''BriAlto'') is pleased to report that today it closed the previously announced offering of 1,100,000 Class A Shares, issued on a flow-through basis, at a price of $1.15 per share, for gross proceeds of $1,375,000. McDermid St. Lawrence Securities Ltd. acted as the agent in connection with this offering. BriAlto also announces that the shareholders of BriAlto and the shareholders of Adobe Resources Ltd. have approved the previously announced amalgamation of the two corporations. It is anticipated that the amalgamation will be effective December 31, 1997. BriAlto is a junior petroleum and natural gas exploration, development and production company with operations focussed in south-eastern Saskatchewan. BriAlto is listed on The Alberta Stock Exchange under the trading symbol ''BTO.A''.

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