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

To: Herb Duncan who wrote (11021)	6/1/1998 11:42:00 AM
From: SofaSpud	Respond to of 15196

MERGERS - ACQUISITIONS/ Neutrino-Southern SOUTHERN MAILS OFFER TO NEUTRINO SHAREHOLDERS CALGARY, June 1 /CNW/ - Southern Mineral Corporation of Houston and Neutrino Resources Inc. of Calgary announce that a wholly-owned subsidiary of Southern had, on May 29, 1998, mailed to the registered shareholders of Neutrino a cash offer to purchase all of the issued and outstanding shares of Neutrino for $1.80 per share, as previously announced in a May 13, 1998 news release. Also, Neutrino has mailed a Directors' Circular recommending acceptance of the Southern offer. The board of directors of Neutrino have unanimously recommended that the Southern offer be accepted. The financial advisor to Neutrino, Griffiths McBurney & Partners, has provided an opinion that the Southern offer is fair to the shareholders of Neutrino from a financial point of view. Among other things, the offer is conditional on a minimum 66 2/3% of the fully diluted shares of Neutrino being tendered by June 22, 1998. Shareholders representing 37.8% of the outstanding Neutrino shares have entered into lock-up agreements respecting the Southern offer. Southern Mineral Corporation is an oil and gas acquisition, exploration and production company that owns interests in oil and gas properties located along the Gulf Coast, Mid-Continent, Canada and Ecuador. The Company is listed on the NASDAQ National Market under the symbol SMIN. Neutrino is listed on The Toronto Stock Exchange (trading symbol ''NTO''). -30- For further information: James H. Price, Vice-President - Finance, Southern Mineral Corporation, (713) 658-9444 or David Beckwermert, Executive Vice-President, Neutrino Resources Inc., (403) 215-3500