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Gold/Mining/Energy : KERM'S KORNER

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To: SofaSpud who wrote (12413)	9/22/1998 10:02:00 PM
From: Kerm Yerman	Read Replies (3) of 15196

FINANCING / Kookaburra Resources Private Placement KOOKABURRA RESOURCES LTD. ANNOUNCES PRIVATE PLACEMENT VANCOUVER, Sept. 22 /CNW/ - Kookaburra Resources Ltd. TSE Symbol: KOB The Company wishes to announce that it has arranged a private placement of 350,000 common shares of the Company at a price of $0.30 per share, for total anticipated proceeds of $105,000. Proceeds from the private placement will be used for general working capital purposes. Completion of the terms of the private placement will be subject to regulatory approval. ON BEHALF OF THE BOARD OF DIRECTORS --------------------- Nick DeMare, Director The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

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