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


To: Arnie who wrote (8138)12/25/1997 6:20:00 AM
From: Kerm Yerman  Respond to of 15196
 
FINANCING / T & H Resources Final Prospectus
T & H RESOURCES LTD. OBTAINS RECEIPTS FOR FINAL PROSPECTUS

1997-12-24
TORONTO, ONTARIO

Shares Outstanding: 24,744,210

T & H Resources Ltd. ("T & H") (TSE-THE) announces that it has obtained
receipts from the Ontario Securities Commission and British Columbia
Securities Commission for a final prospectus which qualifies for distribution
4,000,000 common shares and 2,000,000 common share purchase warrants
upon the exercise of 4,000,000 special warrants previously issued an August
29, 1997 at a price of $0.50 per special warrant for proceeds of $2,000,000
and 1,200,000 common shares and 600,000 common share purchase warrants upon
the exercise of 1,200,000 special warrants previously issued on October 31,
1997 at a price of $0.50 per special warrant for proceeds of $600,000.

T & H is using the proceeds of the special warrant offerings to fund
exploration on T & H's oil and gas interests.