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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: brian krause who wrote (2088)	4/24/2001 9:44:53 AM
From: Al Collard	Respond to of 11802

brian, this is the CDNX we are talking about. LOL

To: brian krause who wrote (2088)	4/24/2001 9:45:47 AM
From: KC Jones	Respond to of 11802

I think they are still tying up details. KC

To: brian krause who wrote (2088)	4/25/2001 1:34:07 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

brian, news out on SOP-v: Private Placement Registered and Corporate Update 4/25/01 Solana Petroleum Corp. has received conditional approval from the Canadian Venture Exchange for a non-brokered private placement of 6,000,000 units at $0.10 per unit. Each unit consists of one common share and one-half warrant, with each full warrant exercisable at $0.15 within six months of issuance. Proceeds from the private placement will be largely utilized to acquire new petroleum opportunities, principally natural gas, in both Canada and the United States as part of the company's refocusing its strategic efforts toward the acquisition of North American gas reserves. The balance of the proceeds will be used for general corporate purposes. The present favorable outlook for North American natural gas producers as a result of recent record gas prices has prompted the company to rethink its mission from an international exploration firm to a domestic producer. Solana also hopes to be able to capitalize on the current availability of capital for oil and gas ventures in both Canada and the U.S. due to the robust nature of the North American petroleum industry. Solana is currently evaluating gas exploration and development opportunities presented to it in the Province of Alberta, the Powder River Basin of Wyoming and the Trenton-Black River Limestone play of the Appalachian Basin of the Eastern United States. Nevertheless, because of its previous investment base of over $4.5 million, the company will maintain a presence in Colombia, where it is evaluating several near-term oil production opportunities. Solana also holds rights to earn up to 50% in the 126,000 acre Caro Caranal tract in the Llanos Basin. The company currently has 17,205,900 common shares issued and outstanding and 17,942,240 fully diluted.