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

To: Kerm Yerman who wrote (8217)	12/31/1997 12:26:00 PM
From: Arnie	Read Replies (3) \| Respond to of 15196

FINANCING / Range Petroleum closes Special Warrant Placement On December 31, 1997 the Company closed its 3,089,188 Special Warrant Private Placement priced at $1.60 per unit. The offering supplied Range with gross proceeds of $4,942,700.80. Of the 3,089,188 Special Warrants subscribed for, 1,508,000 were Flow-Through Warrants and 1,581,188 were Non-Flow-Through Warrants. On closing the Company received 50% of the proceeds from the offering with the balance due upon receipt of the prospectus. For further details as to terms and conditions of the offering please see, news release dated November 7, and December 15, 1997.