CORP./GHP Exploration Corp To be Listed On Toronto Stock Exchange
GHP EXPLORATION CORPORATION RECEIVES TORONTO STOCK
EXCHANGE LISTING
HOUSTON, TEXAS--
GHP Exploration Corporation (CDN:GHPX.U) is pleased to
announce that the Toronto Stock Exchange has approved its shares
for listing. The Company's common shares will trade in United
States dollars under the symbol GHP.U commencing July 16,1998.
The Company also is pleased to announce that final receipts were
issued within the qualification period on June 29,1998, by both
the Ontario and British Columbia Securities Commissions, for
the Company's prospectus dated June 24, 1998. The prospectus
qualified for distribution 3,888,000 common shares of the
Company, 1,944,000 common share purchase warrants and 200,000
agent's warrants issued pursuant to a Special Warrant financing
that closed on February 27,1998 (News-March 2,1998). Each common
share purchase warrant and agent's warrant entitles the holders
to acquire a common share of the Company at a price of US $2.50
per share. The warrants expire on March 1, 1999.
GHP engages in the exploration for and development and production
of crude oil and natural gas in the United States and
Internationally with operations and interests in acreage in the
Gulf of Mexico, West Texas, Egypt and in Tunisia. The Company
currently has 21.8 million common shares outstanding.
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