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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14270)	12/14/1998 7:20:00 PM
From: Kerm Yerman	Read Replies (3) of 15196

FINANCING / Westminster Resources Ltd. Announces $12 Million Flow-Through Private Placement CALGARY, ALBERTA--Westminster Resources Ltd. announced its intention to issue, subject to regulatory approval, up to 1,800,000 "flow-through" common shares on a private placement basis at a price of $6.75 per share. Westminster will use the net proceeds of the issue to fund exploration expenditures and will renounce "Canadian exploration expense" equal to the subscription amount for the flow-through common shares to subscribers. Westminster Resources Ltd. is a Canadian company engaged in exploration, development and production of natural gas. Westminster's common shares are listed on The Toronto Stock Exchange under the trading symbol "WML". Westminster Resources Ltd.'s News Releases for the past 14 months can be accessed electronically through the Canadian Corporate News website at cdn-news.com.

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