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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (8198)12/31/1997 8:03:00 AM
From: Herb Duncan   of 15196
 
FINANCING / Invader Exploration Inc. Warrants Exercised

ASE SYMBOL: INX

DECEMBER 23, 1997



CALGARY, ALBERTA--Invader Exploration Inc. (INX.ASE) is pleased to
announce that 380,000 common share purchase warrants were
exercised prior to expiration on Dec. 15. Gross and net proceeds
of $475,000.00 will be used primarily for the ongoing development
of the Company's Arkoma Basin exploration program located in
Oklahoma and Arkansas, U.S.A. Invader will be participating in a
multi-well exploration drilling program in the Arkoma Basin during
1998.

Drilling is expected to begin in early January on Invader's next
exploration well. The well is a high potential, multi-zone gas
prospect and is targeted for a depth of 9,500 feet. Invader has
leased over 4,300 acres within the prospect area.
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