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

To: SofaSpud who wrote (11133)	6/9/1998 4:12:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

FINANCING SPEC. 20 LISTED / CanBaikal Extends Warrants CANBAIKAL ANNOUNCES EXTENSION OF EXERCISE PERIOD ON WARRANTS CALGARY, June 9 /CNW / - CanBaikal Resources Inc. (''CBQ'') is pleased to announce that it has received approval from the Alberta Stock Exchange to extend the expiry date on the Corporation's outstanding share purchase warrants (CBQ.wt) from June 30, 1998 to June 30, 1999. This extension relates only to the expiry date for exercise of the warrants. The public trading of the warrants on the Alberta Stock Exchange will cease on June 30, 1998. Robert Bolton, Chairman and C.E.O. of CanBaikal stated, ''This extension of the expiry date on our outstanding warrants will allow our founding shareholders a more reasonable time frame to realize value on the warrants they hold. The drop in oil prices and the subsequent fall in the oil and gas equity markets just before the warrants are to expire is a case of very bad timing.'' The Alberta Stock Exchange has neither approved nor disapproved of the information contained in this press release. -30- For further information: Robert Bolton, Chairman and C.E.O. or Dale Miller, C.F.O., (403) 264-9200