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Gold/Mining/Energy : first star energy FST on the ASE -- Ignore unavailable to you. Want to Upgrade?

To: StockJock-e who wrote (385)	5/1/1998 7:48:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 754

**NEWS RELEASE** 2m unit private placement completed First Star Energy Ltd FST Shares issued 18,983,832 Apr 30 close $0.87 Fri 1 May 98 News Release Mr. John Squarek reports The company has completed a private placement of units, each unit comprised of one share and one warrant. The private placement was to one Alberta subscriber and five offshore subscribers for a total of 2,000,000 units at 65 cents for gross proceeds of $1,300,000. Each warrant is exercisable for one year at 85 cents per share. Canaccord Capital assisted in the private placement and received a cash commission of 10 per cent of the gross proceeds plus a number of warrants equal to 5 per cent of the number of units sold. Canaccord's warrants are exercisable for one year at 85 cents per share. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com