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


To: Herb Duncan who wrote (11045)6/2/1998 11:05:00 AM
From: SofaSpud  Respond to of 15196
 
CORP. / Dundee sells asset

DUNDEE ANNOUNCES AGREEMENT FOR PROPERTY DISPOSITION

CALGARY, June 2 /CNW/ - Dundee Petroleum Corp. reports that it has
reached an agreement to dispose of its minor working interest in a shallow gas
property located in southwest Saskatchewan. The sale price is $525,000 cash,
with an expected closing date of June 30, 1998. Proceeds from the sale will
be used to reduce the Company's debt.
The Alberta Stock Exchange has neither approved nor disapproved of this
release.

-30-
For further information: Michael H. Kryczka, President or Hugh M.
Thomson, Vice-President, Finance, (403) 233-2969