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

To: Arnie who wrote (8170)	1/2/1998 6:06:00 AM
From: Kerm Yerman	Respond to of 15196

FINANCING / BriAlta Energy Corp. Completes Offering BRIALTO ENERGY CORPORATION COMPLETES EQUITY OFFERING CALGARY, Dec. 30 /CNW/ - BriAlto Energy Corporation (''BriAlto'') is pleased to report that today it closed the previously announced offering of 1,100,000 Class A Shares, issued on a flow-through basis, at a price of $1.25 per share, for gross proceeds of $1,375,000. McDermid St. Lawrence Securities Ltd. acted as the agent in connection with this offering. BriAlto also announces that the shareholders of BriAlto and the shareholders of Adobe Resources Ltd. have approved the previously announced amalgamation of the two corporations. It is anticipated that the amalgamation will be effective December 31, 1997. BriAlto is a junior petroleum and natural gas exploration, development and production company with operations focussed in south-eastern Saskatchewan. BriAlto is listed on The Alberta Stock Exchange under the trading symbol ''BTO.A''.

To: Arnie who wrote (8170)	1/2/1998 6:08:00 AM
From: Kerm Yerman	Respond to of 15196

FINANCING / Benz Energy Ltd. Increases Credit Facility BENZ ANNOUNCES INCREASE IN CREDIT FACILITY HOUSTON, Dec. 31 /CNW/ -- Benz Energy Ltd. (Vancouver: BZG.) today reports that it has executed an agreement with EnCap Investments L.C. for an expansion of Benz's credit facility from $12 million to $20 million, subject to regulatory approval. EnCap will receive up to 1.5 million warrants for the purchase of Benz common stock depending on the extent of the draw down of the expanded facility, and a portion of the expanded facility can be converted into Benz common stock at redemption. Prentis B. Tomlinson, Chairman and Chief Executive Officer, commented, "We are pleased with this statement of confidence in Benz and its future by the leading mezzanine lender in the energy industry, and look forward to continuing our partnership with EnCap." Benz Energy Ltd. is an exploration and development oil and gas company based in Houston, Texas and focused on the onshore Gulf Coast of the U.S. Benz acquires and utilizes an extensive base of 3-D seismic data and acreage position, and has assembled an inventory of 28 leased exploration prospects.