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Gold/Mining/Energy : KERM'S KORNER

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To: Arnie who wrote (8875)	2/7/1998 9:27:00 AM
From: Kerm Yerman	of 15196

FINANCING / Dalton Resources Ltd. Raises $560,000 DALTON RESOURCES LTD. COMPLETES FINANCING CALGARY, Feb. 6 /CNW/ - Dalton Resources Ltd. (DAL.ASE) is pleased to announce that it has completed a $560,000 financing with Yorkton Securities Inc. of Calgary. These funds will be used for drilling expenditures on the 3-22-38-9W5M Strachan well. The 3-22-38-9W5M well is a 4275 m Cambrian test which will evaluate several potential horizons, including the Leduc D-3 and Beaverhill Lake reefs. The well is expected to spud next week taking approximately 90 days to drill and complete. Dalton and its joint venture partners (Apache Canada, First Star, Tusk and Loon Energy) hold all P&NG rights to this location.

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