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

To: Herb Duncan who wrote (10938)	5/28/1998 4:26:00 AM
From: Herb Duncan	Respond to of 15196

FINANCING / Thunder Energy Inc. Receives Receipts for Final Prospectus TSE SYMBOL: THY MAY 27, 1998 CALGARY, ALBERTA--Thunder Energy Inc. (THY - TSE) announced today that it has received receipts from the Alberta and Ontario securities commissions for a final prospectus dated May 22, 1998 that qualifies the distribution of 2,500,000 common shares issuable upon the exercise of special warrants that were previously issued on April 28, 1998. As a result of the issuance of the prospectus receipts, the balance of the proceeds of the special warrant financing which were being held in escrow will be released to Thunder. The Company raised total gross proceeds of $5,000,000 under this financing. Proceeds from this issue will be initially applied to the Company's operating bank loan which will subsequently be drawn upon to accelerate and expand Thunder's 1998's capital program. Thunder will increase its emphasis on natural gas exploration and development to take advantage of strengthening prices and its large inventory of gas prospects in its core areas. A copy of the final prospectus will be sent to all registered holders of the special warrants. On June 1, 1998, all special warrants not previously exercised will be deemed to be exercised and common shares will be issued in exchange therefor. Thunder Energy is a Calgary based oil and gas exploration company operating in Alberta. Thunder's shares are traded on the Toronto Stock Exchange under the trading symbol "THY".