KERM'S KORNER Message Board

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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14637)	1/5/1999 9:51:00 PM
From: Herb Duncan	of 15196

FINANCING / Moxie Petroleum Issues Common Shares ASE SYMBOL: MOX JANUARY 5, 1999 CALGARY, ALBERTA--Moxie Petroleum Ltd. ("MOX" - ASE) of Calgary announces that 1,043,620 common shares were issued for gross proceeds of $1,461,068 pursuant to its recently completed rights offering. The proceeds will be used to accelerate its exploration and development program on existing lands and to expand its activities on new prospects. The Company has 4,797,270 common shares and 5,988,270 pre-paid flow-through warrants outstanding.

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