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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (11377)	6/22/1998 1:34:00 PM
From: SofaSpud	Read Replies (1) of 15196

PROPERTY ACQUISITIONS / Dundee Closes Deal DUNDEE CLOSES PROPERTY DISPOSITION CALGARY, June 22 /CNW/ - Dundee Petroleum Corp. reports that it has closed the previously announced disposition of its minor working interest in a shallow gas property located in southwest Saskatchewan. Proceeds from the sale amounted to $525,000 cash, and will be used to reduce the Company's debt and fund future drilling operations. The Alberta Stock Exchange has neither approved nor disapproved of this release. -30- For further information: Michael J. Kryczka, President, or Hugh M. Thomson, Vice-President, Finance, (403) 233-2969

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