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

To: Kerm Yerman who wrote (11308)	6/18/1998 5:35:00 PM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / Canadian Crude Separators Inc. President/CEO Resigns CANADIAN CRUDE SEPARATORS INC. - ANNOUNCEMENT Date: 6/18/98 4:58:40 PM Stock Symbol: CCR Canadian Crude Separators Inc. (CCS) today announced that Mr. Alec McDougall, President & Chief Operating Officer, will be pursuing other interests and effective today is no longer employed by the Company.

To: Kerm Yerman who wrote (11308)	6/18/1998 5:40:00 PM
From: Kerm Yerman	Respond to of 15196

FINANCING / Oilexco Private Placement & Update OILEXCO INCORPORATED ANNOUNCES IT HAS CLOSED A PRIVATE PLACEMENT FINANCING FOR GROSS PROCEEDS OF $500,000 Date: 6/18/98 5:05:28 PM Stock Symbol: OIL Oilexco Incorporated has closed its previously announced private placement special warrant unit financing for gross proceeds of $500,000 through the issuance of 1,000,000 units. Each unit priced at $0.50 per unit consists of one special warrant exercisable into one Common Share of Oilexco Incorporated for no additional cost plus one Common Share purchase warrant. Each Common Share purchase warrant is exercisable to one Common Share of the Company at $0.60. This entitlement expires one year from today's date. The net proceeds realized will be utilized for the Company's 9.5% share of drilling costs relating to reentry operations at Cameron Parish, Louisiana which have commenced. It is estimated that targeted depth for this operation will be attained in 45 to 60 days. Completion operations on the Company's second well in Monroe, Alabama should be completed within the next ten days. Test results will be announced in due course.