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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (11376)	6/22/1998 9:34:00 AM
From: Kerm Yerman	Read Replies (1) of 15196

PROPERTY ACQUISITION / Triple 8 Ventures To Acquire S.Alberta Property TRIPLE 8 VENTURES LTD. ENTERS INTO A LETTER OF INTENT Date: 6/22/98 8:36:31 A Stock Symbol: TVU Triple 8 Ventures Ltd. (the "Company"), wishes to announce that The Company has entered into a letter of intent to purchase 50% of the vendor's working interest in certain natural gas properties located in Southern Alberta for a purchase price of $350,000. The properties include, among other things, proved producing and proved non-producing gas wells. After closing, the Company and the vendor of the properties intend to bring the non-producing gas wells into production. The Company's share of the cost is expected to be approximately $150,000. The offer is conditional upon and subject to the Company obtaining satisfactory debt financing by the closing date of September 15, 1998. The option to purchase one of the Company's Saskatchewan properties has been exercised and closing is expected to occur in the next 30 days. The Company has entered into a letter of intent for the sale of its petroleum and natural gas properties located in British Columbia. Closing is expected to occur in the next 6 weeks.

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