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To: Herb Duncan who wrote (10785)5/20/1998 4:22:00 PM
From: SofaSpud  Respond to of 15196
 
SHARE ISSUE / Drilcorp Slimhole Technologies

CALGARY, May 20 /CNW/ - Drilcorp Slimhole Technologies Ltd. is pleased to
announce that it has successfully completed the public offering of 2,500,000
common shares at a price of $0.10 per share for aggregate proceeds of
$250,000. Goepel McDermid Inc. acted as agent for the offering. Drilcorp
Slimhole Technologies Ltd. is a junior capital pool corporation and will use
the proceeds of this offering to provide the Corporation with a minimum of
funds with which to identify and evaluate businesses or assets for
acquisition. Drilcorp Slimhole Technologies Ltd. has received conditional
approval for the listing of its common shares on The Alberta Stock Exchange
and expects that trading will commence within two weeks.

The Alberta Stock Exchange has neither approved or disapproved the
information contained herein.

-30-
For further information: Bruce S. Smith, President, Drilcorp Slimhole
Technologies Ltd., (403) 264-5453