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Gold/Mining/Energy : KERM'S KORNER
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To: SofaSpud who wrote (12896)10/19/1998 10:06:00 PM
From: Herb Duncan  Read Replies (7) of 15196
 
FINANCING / Gopher Oil & Gas Closes Private Placement

ASE SYMBOL: GOF

OCTOBER 19, 1998

CALGARY, ALBERTA--Gopher Oil & Gas Company Ltd. has closed a
private placement of 12,000,000 common shares at a price of $0.40
per share. A significant portion of the private placement was
purchased by management and current and incoming directors of
Gopher.
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