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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C) -- Ignore unavailable to you. Want to Upgrade?

To: Jim P who wrote (752)	3/23/1998 8:19:00 PM
From: Jim P	Respond to of 2306

Changes to series A and B warrants Bearcat Explorations Ltd BEA Shares issued 58,006,598 Mar 23 close $0.57 Mon 23 Mar 98 News Release Mr P. de Bruycker reports The current downtrend in the world oil prices commenced approximately at the time when the Bearcat rights offering circular was mailed to the company's shareholders. Though it appears that the oil price has bottomed out and the oil futures market indicates the probability of a recovery throughout the rest of this year, the subsequent overall general weakening of the oil and gas sector of the stock market, necessitates that the outstanding Warrants exercise prices more realistically reflect current and anticipated world oil price. Accordingly, the company has received regulatory body approval to effect the following changes to the outstanding rights offering: SERIES A WARRANTS 1. Series A warrants will now be exercisable at $1.50 plus two series A warrants, not $2.50; 2. Expiry date will be June 30 1998, not May 29 1998. SERIES B WARRANTS 1. Series B warrants will now be exercisable at $3.00 plus five series B warrants, not $4.50; and 2. Expiry date will be September 30 1998, not July 31 1998. Confidentiality provisions in the agreements governing the current well operations at Turner Valley preclude the release of any detailed information, but the visible activities of the production testing operational stage at both the BPC et al Turner Valley 12-35-20-3 W5M and IMP Berkley Turner Valley 2-21-21-3 W5M wells are considered to be information in the public domain. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: Jim P who wrote (752)	3/23/1998 8:20:00 PM
From: Jim P	Respond to of 2306

Rights offering amended Stampede Oils Inc STF Shares issued 37,254,066 Mar 23 close $0.27 Mon 23 Mar 98 News Release Mr P. de Bruycker reports The current downtrend in the world oil prices commenced approximately at the time when the Stampede rights offering circular was mailed to the company's shareholders. Though it appears that the oil price has bottomed out and the oil futures market indicates the probability of a recovery throughout the rest of this year, the subsequent overall general weakening of the oil and gas sector of the stock market, necessitates that the outstanding warrants exercise prices more realistically reflect current and anticipated world oil price. Accordingly, the company has received regulatory body approval to effect the following changes to the outstanding rights offering: CLASS I WARRANTS 1. Class I warrants will now be exercisable at $1.00 plus two class I warrants, NOT $1.50. 2. Expiry date will be June 30 1998, NOT May 29 1998. CLASS II WARRANTS 1. Class II warrants will now be exercisable at $2.00 plus four class II warrants, NOT $3.00. 2. Expiry date will be September 30 1998, NOT July 31 1998. Confidentiality provisions in the agreements governing the current well operations at Turner Valley preclude the release of any detailed information, but the visible activities of the production testing operational stage at both the BPC et al Turner Valley 12-35-20-3 W5M and IMP Berkley Turner Valley 2-21-21-3 W5M wells are considered to be information in the public domain. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: Jim P who wrote (752)	3/23/1998 8:24:00 PM
From: Tommy D	Read Replies (1) \| Respond to of 2306

The concern isn't which director penned the information but rather the lack of response to the letter from the market. I know that the Alberta Exchange was shut down for a while but the letter did not seem to attract any interest. Maybe it was viewed as recycling old info but effectively, we have 4 days to attract interest. My broker confirmed the previously posted info that us mere mortal retail customers must commit to the rights by Friday of this week. From STF's perspective, the funds from the rights should not be underestimated. Certainly, the proceeds from the warrants, if exercised will provide the major amount of funding but the rights would raise in excess of $1.8 M. There has been talk of a private placement but can that be done quickly enough to allow any participation in the possible land purchases. Without a huge amount of dilution, I am not sure that is possible. If the $1.8 M is required now and a further $6.5 by the end of May, us existing shareholders are going to get diluted to nothing so I sure hope some incentive to have the existing shareholder exercise appears soon. TommyD