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

To: SofaSpud who wrote (11344)	6/20/1998 5:17:00 AM
From: Kerm Yerman	Read Replies (9) \| Respond to of 15196

CORP. / Neutrino Resources Inc. Takeover By Southern Mineral Corp NEUTRINO ISSUES REMINDER RE TAKEOVER BID CALGARY, June 19 /CNW/ - Neutrino Resources Inc. has issued a reminder to its shareholders, and to brokers, that 4:30 p.m. (MDST) on Monday, June 22nd, 1998 is the deadline to tender shares to the cash offer of $1.80 (Cdn) per share made by a wholly owned subsidiary of Southern Mineral Corporation of Houston, Texas. Jeff Arsenych, President and CEO of Neutrino Resources, said ''We believe the price is fair in today's market place and the Directors of Neutrino have recommended the acceptance of the offer.'' The takeover bid, announced May l3th, 1998, was a mutually acceptable agreement to enable Southern to acquire 100% of the common shares of Neutrino for cash consideration of $1.80 Cdn/share. The offer was mailed to shareholders by June 1st, 1998. Griffiths McBurney & Partners of Calgary are the dealer/manager for the transaction. In the event of a successful takeover, Neutrino would cease to be listed on The Toronto Stock Exchange, (NTO) and would operate as a wholly-owned subsidiary of Southern Mineral Corporation. Southern trades on the NASDAQ National Market under the symbol ''SMIN''.