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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Taff who wrote (427)	8/27/1999 6:30:00 PM
From: Taff	Respond to of 701

Curlew Lake to sell four million units at 15 cents Curlew Lake Resources Inc CWQ Shares issued 22,764,526 Aug 26 close $0.15 Fri 27 Aug 99 News Release Mr. Robert Pincombe reports Curlew Lake has signed an agency offering agreement with Haywood Securities Inc. to issue to investors up to four million units on a best efforts basis at 15 cents per unit, for estimated gross proceeds of $600,000, under the Vancouver Stock Exchange's short form offering document policy. Each unit will comprise one common share and one share purchase warrant. Each two warrants will entitle the holder to purchase one common share of the company at a price of 20 cents per share for one year after the date of issuance of the warrants. If all of the warrants are exercised, the maximum gross proceeds for the exercise of warrants will be $400,000. Subject to the company meeting the distribution requirements of the VSE, the warrants will be listed on the exchange. In consideration for the services to be provided by the agent, the company has agreed to pay the agent's cash commission equal to 7.5 per cent of the gross proceeds of the sale of the units, and to issue share purchase warrants to the agent entitling the agent to purchase up to 850,000 common shares of the company for two years at a price of 15 cents per share in the first year and 17 cents per share thereafter. The company intends to use the proceeds of the offering to partially finance the exploration program on the EKHO project in the San Joaquin Valley, Kern County, Calif., in which the company (as to 5 per cent), along with several others, is participating. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

To: Taff who wrote (427)	8/30/1999 10:47:00 AM
From: johnlag	Read Replies (1) \| Respond to of 701

Is Tri-Valley getting carried on 3 wells????? If this is the case, what an unbelievable promote. <<These interests will be proportionately reduced by TVOG, which will be carried for 12.5% interest through drilling and completion. After completion, TVOG will pay its proportionate share of well costs. After the partners are paid back their drilling and completion costs from production, TVOG will back in for another 12.5% to bring its total working interest to 25%. This will apply on the first three wells in the project. Parties participating in all three initial wells earn an ongoing right of first refusal to participate on a well-by-well basis in subsequent wells in a comprehensive area of mutual interest.>>