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Gold/Mining/Energy : KERM'S KORNER

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To: SofaSpud who wrote (13211)	11/4/1998 2:05:00 AM
From: Kerm Yerman	Read Replies (3) of 15196

FINANCING / TMT Resources Inc. announces private placement CALGARY, Nov. 2 /CNW/ - Mr. Randy Schuette, President T.M.T. Resources Inc. (''TMT'') announces that the company has placed with placees 900,000 units, subject to regulatory approvals, at $0.30 per unit. Each unit consists of one common share of TMT and one share purchase warrant enabling the holder to purchase an additional common share at $0.30 for a period of one year. The shares issued in the private placement will be subject to a one year hold period. The proceeds will be used to reduce the utilization of the company's line of credit and for general working capital.

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