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Gold/Mining/Energy : DALTON RESOURCES DAL:ASE

DAL 58.53

+5.2%

Nov 5 3:59 PM EST

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To: wayne cath who wrote (374)	6/12/1998 10:52:00 AM
From: Scotchman	Read Replies (1) of 486

Loon Energy Inc LEY ASE<Picture>Add to PortfolioJune 12, 1998 Roberts Bay Resources Ltd. - Loon Signs Letter Of Intent For Control Of Roberts Bay Resources Ltd. CALGARY, ALBERTA-- Loon Energy Inc. (ASE.LEY) has entered into a letter of intent with five shareholders of Roberts Bay Resources Ltd. (ASE.RBR) to acquire 59.64% of the issued and outstanding common shares of Roberts Bay. The exchange ratio is 5.5 Roberts Bay Common Shares for one Loon Share. The transaction, which is subject to formal documentation and regulatory approval, is expected to close prior to the end of June 1998. Roberts Bay Resources Ltd. is a public company trading on the Alberta Stock Exchange under the symbol "RBR". For further information contact Mr. Rob Hugo, President, Roberts Bay Resources, telephone (403) 932-0743 or Mr. Tom Field, President, Loon Energy Inc., telephone (403) 264-8877.

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