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Gold/Mining/Energy : Western Logic Resources WLT-VSE $$$ -- Ignore unavailable to you. Want to Upgrade?

To: SAM-DAN who wrote (45)	12/2/1997 3:48:00 PM
From: diddlysquatz	Respond to of 112

December 2 News Release Announces Spudding of Long Valley Nevada Well Western Logic Resources Inc. (VSE-"WLT") is pleased to announce that the Long Valley Nevada Bugs #1 well has been spudded and surface casing set. Drilling operations will commence upon the arrival of the deep drilling rig which is currently finishing operations on its current location. Announces Grant of Options Western Logic Resources Inc. (VSE-"WLT") announces that the Board of Directors has authorized options to acquire common shares of the Company to the Company's Directors, Messrs. Murray A. Cayley and N. Desmond Smith, in the amount of 350,000 shares each, at a price of $0.22 per share. In addition, John N. Campbell, President, is authorized by the Board of Directors to issue up to a maximum of 25,000 share options, at current prices as determined by Regulations, to employees and consultants.