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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (3550)	7/16/1999 5:52:00 PM
From: Salt'n'Peppa	Read Replies (3) \| Respond to of 15703

JULY 16, 1999 Elk Point Resources Inc. Raising Funds By Private Placement Of Flow-Through Common Shares CALGARY, ALBERTA--Elk Point Resources Inc. announces that it has closed a private placement issuing 1,377,125 flow-through common shares at $4.00 per share under certain prospectus exemptions in the provinces of Alberta, British Columbia and Ontario, raising gross proceeds of $5,508,500. The gross proceeds of the offering will be used to fund the Company's natural gas and crude oil exploration activities, primarily in west central Alberta and southeast Saskatchewan. Dundee Securities Corporation, CIBC World Markets Inc. and FirstEnergy Capital Corp. acted as agents for this financing.