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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Arnie who wrote (7890)	12/12/1997 3:41:00 PM
From: Kerm Yerman	Respond to of 15196

IPO / Cherryhill Resources Closes Public Offering CHERRYHILL RESOURCES INC. CALGARY, Dec. 12 /CNW/ - Cherryhill Resources Inc. (''Cherryhill'') announces the successful closing of its public offering for 1,000,000 common shares at a price of $0.20 per share for an aggregate consideration of $200,000. The net proceeds of this offering, together with $300,000 of original capital, will be used to identify and evaluate the acquisition of or participation in oil and gas interests or businesses and/or other energy related assets. Cherryhill's shares will be listed for trading on The Alberta Stock Exchange on December 16, 1997 under the symbol ''CHH''. The Alberta Stock Exchange has neither approved nor disapproved of the contents of this press release. For further information: Pauline Wong or John Komisar at (403) 265-7100