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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (11341)6/20/1998 4:49:00 AM
From: Kerm Yerman  Read Replies (1) of 15196
 
CORP. / Calahoo Petroleum Ltd Share Consolidation

CALAHOO PETROLEUM LTD. - SHARE CONSOLIDATION
Date: 6/19/98 3:47:31 PM
Stock Symbol: CLX

Calahoo Petroleum Ltd, (TSE trading symbol CLX) wishes to advise that its
common shares have been consolidated on a 3 (old) for 1 (new) basis and will
begin trading on a consolidated basis on the Toronto Stock Exchange at the
opening of trading on Monday June 22, 1998. Calahoo has sent out letters of
transmittal to its shareholders on June 16, 1998. On a consolidated basis the
Company now has 23.8 million basic shares outstanding (27.1 million fully
diluted). The depository for the common shares is the Montreal Trust Company
of Canada through its primary offices in Calgary and Toronto.

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