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

To: Kerm Yerman who wrote (11495)	6/26/1998 9:25:00 PM
From: Herb Duncan	Respond to of 15196

FINANCING / Petrobank - Final Closing of Private Placement JUNE 26, 1998 CALGARY, ALBERTA--Petrobank Energy and Resources Ltd. announces that it has closed the second tranche of its previously announced private placement of 2,055,000 special warrants. Each special warrant was sold at a price of $2.00 for aggregate gross proceeds of $4,110,000. The concluded offering raised total gross proceeds of $9,460,000 from the issuance of 4,730,000 special warrants. Each special warrant is exercisable to acquire one common share for no further consideration. Petrobank Energy and Resources Ltd. intends to use the proceeds from this private placement for its ongoing exploration and development program. First Marathon Securities Limited and StephenAvenue Securities Inc. acted as agents for this offering. Jim Tocher, Chairman and Chief Executive Officer, is pleased to announce that Kevin L. Adair has been appointed to the Board of Directors as of June 24, 1998. Kevin Adair became President and Chief Operating Officer of Petrobank in April, 1998 and was VP Engineering and Production with Petrobank prior thereto.

To: Kerm Yerman who wrote (11495)	6/26/1998 11:35:00 PM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / PROFAB Energy Services Ltd. Acquires Bimac Industries PROFAB ENERGY SERVICES LTD. ACQUIRES BIMAC INDUSTRIES LTD. OF CALGARY, AB CALGARY, June 26 /CNW/ - PROFAB Energy Services Ltd. (''Profab'') is pleased to announce that on May 29, 1998 it acquired all of the issued and outstanding shares of Bimac Industries Ltd. (''Bimac''). Bimac was founded in 1978 and is a manufacturer of modular systems such as compressor skids, separator skids, meter and ESD skids, pressure vessels and other oilfield related equipment. Bimac is located in the East Foothills Industrial Park in S.E. Calgary and has 36,400 sq. ft. of shop space on 9.5 acres of land. Profab is engaged in the business of Engineering, Designing and Fabricating Gas Compression, Gas Processing and Oil related Facilities in Western Canad