KERM'S KORNER Message Board

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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (9278)	2/26/1998 7:38:00 PM
From: Herb Duncan	of 15196

FINANCING / Canadian TALON Completes Private Placement ASE SYMBOL: TAR FEBRUARY 26, 1998 CALGARY, ALBERTA--Canadian TALON Resources, Ltd. is pleased to announce that it has completed a private placement of 1,875,000 units at a price of $0.40 per unit to Banff Holdings Ltd., a wholly owned subsidiary of Pacalta Resources Ltd. Each unit consists of one common share and zero point eight (0.8) of a common share purchase warrant. Each whole common share purchase warrant entitles the holder to purchase a common share of the Corporation for $0.50 at any time on or before February 26, 2000. The proceeds from this private placement will be added to the general working capital of the Corporation.

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