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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (9027)2/13/1998 6:13:00 PM
From: Kerm Yerman   of 15196
 
FINANCING / Fairlady Energy Inc. Completes Financing

FAIRLADY ENERGY INC.
FRY/MSE

1998-02-13
LONDON, ONTARIO

Fairlady Energy Inc. is pleased to announce that it has completed a financing
of $1,677,000 on December 31, 1997 pursuant to its final prospectus dated
November 12, 1997. D&B Internat Securities Inc. acted as agent for this
Offering, pursuant to which 1,677 Units were sold, each Unit being comprised
of 5,333 Flow-through Common Shares and 1,334 Common shares at the price of
$0.15 per Share. The proceeds of the issue will be used by the Company to
incur exploration expenses on its various properties in Quebec and Ontario.
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