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Gold/Mining/Energy : KERM'S KORNER

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To: SofaSpud who wrote (10936)	5/28/1998 4:11:00 AM
From: Herb Duncan	Read Replies (1) of 15196

FINANCING / Firstland Energy Limited: Completes Private Placement ASE SYMBOL: FLD MAY 27, 1998 CALGARY, ALBERTA--FIRSTLAND Energy Limited ("ASE-FLD") announced today that it completed a private placement of 1,800,000 common shares (maximum offering) at an issue price of $0.70 per common share. The private placement was completed without the use of an agent to qualifying purchasers in Alberta in accordance with exemptions contained in the Securities Act (Alberta). The $1,260,000 raised (less listing fees and legal costs) will be added to the treasury and will be used to continue to expand the Company's land base in Alberta and for development at Wembley and Progress.

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