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Gold/Mining/Energy : KERM'S KORNER
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To: Herb Duncan who wrote (11044)6/2/1998 11:06:00 AM
From: SofaSpud  Read Replies (1) of 15196
 
FINANCING / Dalton Private Placement

DALTON RESOURCES COMPLETES PRIVATE PLACEMENT

CALGARY, June 2 /CNW/ - Dalton Resources Ltd. (DAL.ASE) announces the
completion of a non-brokered private placement of 1,676,251 units at a price
of $0.30 - $0.32 per unit, each unit comprised of one flow-through share and
one-half share purchase warrant entitling the holder to acquire a common share
of Dalton at a price of $0.40. Total proceeds to Dalton from the placement
was $506,000. The funds raised will be utilized for Dalton's upcoming capital
expenditures in the Strachan area.

THE ALBERTA STOCK EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE
INFORMATION CONTAINED HEREIN.

-30-
For further information: Doug Robertson, President, (403) 264-0622,
Fax: (403) 264-4535, E-mail: dalton@nucleus.com., Website: www.daltonr.com
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