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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Leigh McBain who wrote (518)	7/12/2000 12:17:53 PM
From: Len Hynes	Respond to of 601

Stratic Energy Amends Financing 10:25 EDT Wednesday, July 12, 2000 CALGARY, July 12 /CNW/ - Stratic Energy Corporation (''Stratic'') announced today that the financing previously announced April 19, 2000 has been amended. Under the new Private Placement terms, Stratic will issue and sell 3,500,000 specialwarrants, each being convertible into one common share. The issue has been priced at $0.50 per special warrant. Closing of the special warrant transaction is scheduled for July 14, 2000, subject to completion of documentation and receipt of regulatory approval. Stratic intends to file a prospectus as required to qualify the common shares issued pursuant to the special warrants. Stratic will use the proceeds of this offering to fund its exploration programs in Cote d'Ivoire and Gabon; to search for and acquire additional assets in West and North Africa; and for general working capital. The Company currently has 14,397,622 shares issued and trades on the Canadian Dealing Network under the symbol "SECO".

To: Leigh McBain who wrote (518)	8/1/2000 12:56:23 PM
From: Len Hynes	Respond to of 601

Hi leigh; Here is the latest update on Gentry from Outstanding Investments Newsletter: Gentry Resources - GNY - T Gentry has doubled from February levels and should continue to be a strong performer,especially in the coming heating season. However, we must execute a disciplined trading approach and take profits, regardless of how far we expect the stock to run. If you've doubled your investment on Gentry, take the initial investment capital off the table. Remember, this is an excellent hedge against future uncertainty of any kind. Of course, Gentry has been the beneficiary of both higher gas and oil prices, along with the rest of the oil and gas community. Oil prices have doubled, and natural gas prices are up about $1, roughly 30%, from last year. And, although Gentry's a small outfit, they've still posted some pretty solid year-on-year figures. It's true that a rising tide floats all ships, but GNY is giving the market every reason to believe they're serious. The company has tripled its production volume in the past two months and continues to have success on the drilling front. Production revenues are up around $3 million, with cash flow just under half that figure. Both of these figures represent major increases from last year and, if GNY is able to continue along this growth path, will provide strong upward momentum for the company. Gentry Resources: 101 - 6th Avenue S.W., Suite 2500, Calgary, Alberta T2P 3P4; Phone: 403-264-6161; Fax: 403-266-3069; Website: www.gentryresources.com