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

To: Herb Duncan who wrote (11044)	6/2/1998 11:00:00 AM
From: SofaSpud	Respond to of 15196

FINANCING / Cirque Energy Rights Offering CIRQUE ENERGY CORP. CALGARY, June 1 /CNW/ - CIRQUE ENERGY CORP. announces that it has received approval from regulatory authorities for a Rights Offering to its shareholders. Holders of record at the close of business on June 10, 1998 will receive one right for each common share held. Eight Rights are required to subscribe for one additional Cirque common share at a price of $2.55. The Rights will expire at the close of business on July 3, 1998. Cirque anticipates mailing on or about June 11, 1998 a Rights Offering Circular and Rights Certificate to its shareholders of record on June 10, 1998. The Rights will be posted for trading on the Alberta Stock Exchange. If all Rights are exercised, Cirque will issue approximately 1,195,956 additional common shares, and receive gross proceeds of $3,049,688. Cirque intends to use the net proceeds of the Offering to drill, equip and tie-in wells and build facilities at its Turin property and to conduct a seismic program and drill, equip and tie-in wells at its Fiskerton, United Kingdom property. Cirque anticipates spudding its second well at Fiskerton before the end of June, 1998. ON BEHALF OF THE BOARD OF DIRECTORS, Glen A. Phillips President & CEO The Alberta Stock Exchange has neither approved nor disapproved the contents of this news release. -30- For further information: Glen A. Phillips, President & CEO or Ross A. Jones, Vice President of President of Finance, Cirque Energy Corp., (403) 266-4344 or; Fax: (403) 290-0043, Website: cirque-energy.com, Email: info@cirque-energy.com CIRQUE ENERGY CORP. has 3

To: Herb Duncan who wrote (11044)	6/2/1998 11:06:00 AM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

FINANCING / Dalton Private Placement DALTON RESOURCES COMPLETES PRIVATE PLACEMENT CALGARY, June 2 /CNW/ - Dalton Resources Ltd. (DAL.ASE) announces the completion of a non-brokered private placement of 1,676,251 units at a price of $0.30 - $0.32 per unit, each unit comprised of one flow-through share and one-half share purchase warrant entitling the holder to acquire a common share of Dalton at a price of $0.40. Total proceeds to Dalton from the placement was $506,000. The funds raised will be utilized for Dalton's upcoming capital expenditures in the Strachan area. THE ALBERTA STOCK EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE INFORMATION CONTAINED HEREIN. -30- For further information: Doug Robertson, President, (403) 264-0622, Fax: (403) 264-4535, E-mail: dalton@nucleus.com., Website: www.daltonr.com