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Gold/Mining/Energy : Raptor Capital Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Yarek Szolomicki who wrote (336)	8/26/1999 2:16:00 PM
From: j.oil	Read Replies (1) \| Respond to of 355

CanBaikal Resources Inc. CBQ ASE Add to Portfolio August 26, 1999 CanBaikal Offer to Acquire Raptor Capital Corporation CANBAIKAL RESOURCES INC ("CBQ-Y") RAPTOR CAPITAL CORP ("RCP-Y") - CanBaikal Offer to Acquire Raptor Capital Corporation CanBaikal Resources Inc. ("CanBaikal") and Raptor Capital Corporation ("Raptor") are pleased to announce that they have reached an agreement whereby CanBaikal will offer to acquire all of the issued and outstanding common shares of Raptor on the basis of 0.57336 common shares of CanBaikal for each common shares of Raptor. The companies expect to sign the final agreement within seven days. Directors and officers of Raptor have agreed to tender an aggregate 1,819,747 common shares to the offer. The offer will be conditional upon, among other things, no less than 90% of the issued and outstanding common shares of Raptor being tendered and not withdrawn from the offer. It is anticipated that the offer to purchase will be mailed to Raptor shareholders on or before September 15th, 1999, and the offer will be open for thirty days. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in the United States or any other jurisdiction in which such solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of the United States or such other jurisdiction. TEL: (403) 264-9200 Robert J. Bolton, Chairman and CEO,FAX: (403) 264-9210 CanBaikal Resources Inc.TEL: (403) 266-5515 Norman J. Mackenzie, Chairman of the Board, FAX:(403) 269-7953 Raptor Capital Corp. ______________________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041. This Report Updated by Canstock at 10:21:51 Pacific Time