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Gold/Mining/Energy : Tusk Energy (TKE) -- Ignore unavailable to you. Want to Upgrade?

To: grayhairs who wrote (564)	6/9/1998 6:50:00 PM
From: Flea	Respond to of 1207

TUSK Energy Inc - $2,316,440 financing TUSK Energy Inc TKE Shares issued 9735000 1998-06-09 close $2.15 Tuesday Jun 9 1998 Mr. Norman Holton reports The company has entered into agreements for the issuance of 830,200 flow through shares at an average issue price of $2.09 and the issuance of 300,000 units, each unit comprising one share and one-half of one share purchase warrant, at $1.95. The total amount raised by the company is $2,316,440. A total of 150,000 share purchase warrants will be issued to the investors in the non-flow through shares, each entitling the holder to acquire one common share until June 9, 1999 for $2.25. All shares to be issued in this financing will be subject to a hold period of 12 months.

To: grayhairs who wrote (564)	6/9/1998 7:10:00 PM
From: kingfisher	Respond to of 1207

Thanks for the Meekwap update Grayhairs, Tusk has just announced a financing, news posted previously.The funds are now in place to crank up Meekwap and Strachan.The dilution quite mild IMHO. I will be out on my balcony most evenings this week straining to see the faint glow of the Strachan well illuminating the western sky! Heres to a outstanding weiner and chestnut roast at Strachan soon. Take Care, Richard P.S Less than 7 weeks for Apache to announce their decision to proceed on well #2 at Strachan

To: grayhairs who wrote (564)	6/9/1998 9:34:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 1207

All the Strachan sisters now have the bucks to find more gas at Strachan ------------------------------------------------------------------------ NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: LOON ENERGY INC. ASE SYMBOL: LEY JUNE 9, 1998 Loon Announce Financing CALGARY, ALBERTA--Loon Energy announces that it has sold 927,500 Class C Flow-Through Special Warrants at $0.55 and 166,000 Class D Special Warrants at $0.50 for total gross proceeds of $593,125. A total of 83,000 share purchase warrants each entitling the holder to acquire one common share of Loon for $0.60 until April 30, 1999 will be issued to the investors in the non-flow-through Class D Special Warrants. Loon will file a preliminary prospectus to clear the common shares issuable upon exercise of the Class C and Class D Special Warrants. Loon expects to file that prospectus within 90 days. A preliminary prospectus was filed earlier this year to clear for trading the common shares issuable upon exercise of Class A and Class B Special Warrants issued to investors in December, 1997. Loon expects to receive a final receipt for this prospectus prior to mid-July. Proceeds of the issue will be used to fund exploration and development programs of the company including its participation in Strachan and Carvel. At Strachan, Loon participated for 10 percent BPO (5 percent APO) in a 4,340 metre exploratory well. At Carvel, Loon will operate the drilling of a test well (33.34 percent) on a gas prospect within the next few months. -30- ÿ ÿ ÿ ÿ ------------------------------------------------------------------------ Search for News keyword ÿ ÿ ÿ stock symbol ÿ ÿ ÿ company name Search for: ÿ exchange ÿindustry ÿtime frame Client Headquarters \| Information Center \| Today's News \| Hot Off The Wire \| Matthews \| Tefa \| Hot Links