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

To: Arnie who wrote (8218)	1/2/1998 5:37:00 AM
From: Kerm Yerman	Respond to of 15196

CORP. / Camberly Energy Sells All Petroleum Inc. Holdings CAMBERLY ENERGY LTD. SELLS SHARES IN ALL PETROLEUM INC. 1997-12-31 CALGARY, ALBERTA Camberly Energy Ltd. has sold its shares in All Petroleum Inc. pursuant to which Camberly held a 36.125% joint venture interest in 160 square kilometres located in Shaanxi Province, People's Republic of China. The Company to date has contributed approximately $4,200,000 Canadian to the venture. The sale of the interest was for $200,000 (U.S.). Camberly determined that it was not in its best interest to make any further capital contributions to the project at this time. Camberly will retain a first right of refusal on the shares or any future funding requirements in respect of this joint venture for a period of 18 months. Camberly has spudded a 1,575 metro test well on December 27, 1997 in the Tribune-Goodwater area of southeast Saskatchewan. Camberly has an interest in 6,000 gross acres, 4,300 net consisting of crown and freehold lands in the area. Initial test results are anticipated on or before January 25, 1998. As a result of the sale of substantially all of its Canadian assets during the year, Camberly remains in a strong financial position.

To: Arnie who wrote (8218)	1/2/1998 5:44:00 AM
From: Kerm Yerman	Respond to of 15196

FINANCING / Consolidation Beacon Resources Completes Offering CONSOLIDATED BEACON RESOURCES LTD. ANNOUNCES THAT ITS OFFERING OF FLOW-THROUGH SPECIAL WARRANT WAS FULLY SUBSCRIBED 1997-12-31 CALGARY, ALBERTA Consolidated Beacon Resources Ltd. announced today that it has completed an offering of 1.667 million flow-through special warrants, at a sale price of $0.60 per special warrant, for aggregate gross proceeds of $1,000,000. The special warrants were sold, on a private placement basis, to purchasers resident in the Province of Alberta. Each special warrant entitles the holder to acquire one common share of the Corporation, at no additional cost to the holder. The net proceeds from the sale of the special warrants are to be used by the Corporation to fund exploration and development activities associated with the Corporation's 1998 drilling program. In the subscription agreement entered into with purchasers of special warrants, the Corporation agreed that it would incur Canadian exploration expenses and Canadian development expenses and renounce those expenses to purchasers of special warrants effective on or before December 31, 1997. The Corporation has also agreed to use reasonable commercial efforts to file a final prospectus with the Alberta Securities Commission, on or prior to April 30, 1998, to quality the distribution of the common shares issuable upon the exercise of the special warrants. In connection with the sale of the special warrants, the Corporation paid commissions to two registered dealers, in the aggregate amount of $80,000, representing 8% of the total gross proceeds generated through the sale of the special warrants. Consolidated Beacon Resources Ltd. is a Calgary based corporation engaged in the business of exploring for oil and natural gas in Western Canada and Nova Scotia. In addition, the Corporation manufactures and sells specialty lubricant products for the oil and gas and trucking industries, through its wholly-owned subsidiary, Elliott Industrial Petroleum Ltd. The issued and outstanding common shares of Consolidated Beacon are listed on the Alberta Stock Exchange under the trading symbol "KBC".

To: Arnie who wrote (8218)	1/2/1998 5:58:00 AM
From: Kerm Yerman	Respond to of 15196

JCP MAKOR TRANSACTION / Bison Resources Ltd. Completes Major Transaction & Private Placement BISON RESOURCES LTD. ANNOUNCES COMPLETION MAJOR TRANSACTION FLOW-THROUGH SHARE PRIVATE PLACEMENT, ELECTION OF NEW BOARD MEMBER CALGARY, Dec. 31 /CNW/ - Bison Resources Ltd. (''Bison'') (ASE: BIS.A) announced today that Bison has completed its major transaction to acquire 100% of the shares of Lupine Investment Corporation (''Lupine'') which owns certain oil and gas assets, for a total consideration of $500,000 payable as to $250,000 by the issuance of 1,000,000 Common Shares (at $0.25 per share) and $250,000 in cash (subject to adjustment). Payment of the purchase price will be made after closing upon completion of Bison's satisfactory review of Lupine's title to its properties. The oil and gas interests of Lupine are in the Manyberries, Hillsdown and Joffre areas of Alberta. Bison further announces that Bison has completed a private placement of 1,000,000 flow-through shares at $0.35 per share ($350,000) which was approved by the shareholders of Bison at the December 30, 1997 shareholders meeting. Bison is also pleased to announce that R. Bradley Hurtubise was elected to the Board of Directors at the shareholders meeting of December 30, 1997. Mr. Hurtubise was most recently the President and CEO of Grad & Walker Energy Corporation. While at Grad & Walker Mr. Hurtubise orchestrated two corporate acquisitions, a major asset disposition, two equity financings, each with a primary and secondary component, and the sale of the company. Bison Resources Ltd. is a junior capital pool corporation whose shares are to be listed for trading on The Alberta Stock Exchange under the symbol BIS.A.