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Gold/Mining/Energy : Brigdon Resources - high-growth energy

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To: sPD who wrote (4)8/13/1997 10:14:00 PM
From: sPD   of 11
 
Private Placement of June 17/97

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: BRIGDON RESOURCES INC.

TSE SYMBOL: BRG.A

JUNE 17, 1997

Brigdon Resources Inc. Announces Private Placement

CALGARY, ALBERTA--Brigdon Resources Inc. (TSE - BRG.A) of Calgary announces that it has reached agreement on the private placement of 508,334 Class "A" Common flow through shares at a price of $1.50 per share for total proceeds before expenses, of $762,501.

These funds will, primarily, be used to drill exploratory and development wells at Brigdon's Buffalo Lake - Stettler field in
central Alberta.

This placement is subject to regulatory approval.

BRIGDON RESOURCES INC.

J. PHILLIP PIFFER, PRESIDENT
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