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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (7884)	12/11/1997 9:15:00 PM
From: Arnie	Read Replies (12) of 15196

FINANCING / Archer Resources announces Flow-Through Share Issue Archer Resources Ltd. announces it has completed a private placement of 845,070 flow-through common shares for net proceeds of Cdn. $6 million. The proceeds of the share issue will be used to fund ongoing exploration drilling and seismic programs. The issuance of these shares is subject to regulatory approval. Archer's common shares trade through the facilities of The Toronto Stock Exchange under the symbol "ARC". The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein. For further information please contact: Grant A. Bartlett Chairman & CEO Telephone: (403) 266-5522 Fax: (403) 232-6008 Wayne Foo President & COO Telephone: (403) 298-5593 Fax: (403) 232-6008 Bill Hogg Vice President Finance & CFO Telephone: (403) 298-5510 Fax: (403) 232-6008

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