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Gold/Mining/Energy : Fox Energy Corp. - FEC on ASE -- Ignore unavailable to you. Want to Upgrade?

To: john who wrote (40)	4/4/2000 11:57:00 PM
From: CIMA	Read Replies (1) \| Respond to of 54

April 3, 2000 - Another press release by Fox PRESS RELEASE Trading Symbol on CDNX -- FEC FOX UNDERTAKES PRIVATE PLACEMENT OF FLOW THROUGH SHARES Fox Energy Corporation announced plans to raise up to $150,000 through the sale of a maximum of 600,000 common shares at $0.25 per share with flow-through features. The common shares will be sold by way of private placement pursuant to the exemptions contained in Section 107(1)(d) and (z) of the Alberta Securities Act and will be subject to a hold period in accordance with these regulations. Fox will renounce eligible expenditures to the investors in the amount equal to the full amount of the flow-through funds received pursuant to the offering. The Canadian Venture Exchange has conditionally approved the private placement of the common shares. The Company plans to use the proceeds of the financing to fund a portion of its seismic, exploratory and development drilling program for this year. For further information contact: Donald R. Holding, President & C.E.O. #1400, 444 ? 5th Avenue SW, Calgary, Alberta T2P 2T8 Telephone: (403) 265-3627 Facsimile: (403) 265-3628 Toll Free: 1-888-720-2108 E-mail: fec@foxenergy.com Website: www.foxenergy.com ?The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.?