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


To: Arnie who wrote (9311)2/27/1998 1:40:00 AM
From: Kerm Yerman  Respond to of 15196
 
FINANCING / Canadian Talon Resources Private Placement

CANADIAN TALON RESOURCES, LTD.

ASE SYMBOL: TAR

FEBRUARY 26, 1998

Canadian TALON Completes Private Placement

CALGARY, ALBERTA--Canadian TALON Resources, Ltd. is pleased to
announce that it has completed a private placement of 1,875,000
units at a price of $0.40 per unit to Banff Holdings Ltd., a
wholly owned subsidiary of Pacalta Resources Ltd. Each unit
consists of one common share and zero point eight (0.8) of a
common share purchase warrant. Each whole common share purchase
warrant entitles the holder to purchase a common share of the
Corporation for $0.50 at any time on or before February 26, 2000.

The proceeds from this private placement will be added to the
general working capital of the Corporation.