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

To: Kerm Yerman who wrote (11561)	7/2/1998 2:15:00 PM
From: SofaSpud	Respond to of 15196

FINANCING / TriGas Flow-Thru Issue TRIGAS ANNOUNCES FLOW-THROUGH SPECIAL WARRANT FINANCING CALGARY, July 2 /CNW/ - TriGas has entered into an agreement, subject to regulatory approval, to offer 3.125 million flow-through special warrants at a price of $1.65 per special warrant on a private placement basis. Each special warrant will be exercisable, at no additional cost, into one flow-through common share of TriGas. First Marathon Securities Limited has been engaged to act as exclusive agent in conjunction with this offering. Proceeds of this offering will be used to fund exploration, development and acquisitions. Closing of the offering is expected to occur on or about July 16, 1998. The common shares of TriGas are listed on The Toronto Stock Exchange under the symbol ''TGX''. -30- For further information: Russell J. Tripp, President and Chief Executive Officer, TriGas Exploration Inc., (403) 265-4777

To: Kerm Yerman who wrote (11561)	7/2/1998 2:18:00 PM
From: SofaSpud	Read Replies (2) \| Respond to of 15196

CORP. / Total Energy Services warrants TOTAL ENERGY SERVICES LTD. (ASE:TOT) - SPECIAL WARRANTS PROSPECTUS RECEIPTED AND CHIEF FINANCIAL OFFICER HIRED CALGARY, July 2 /CNW/ - Total Energy Services Ltd. is pleased to announce that it has received receipts from the Alberta, Ontario, and Saskatchewan securities commissions for its final prospectus, dated June 26, 1998. The final prospectus qualifies the distribution of 4,761,905 Common Shares, which are issuable upon the exercise of an equal number of Special Warrants distributed by Total on March 5, 1998 through a syndicate comprised of Peters & Co. Limited, RBC Dominion Securities Inc. and Canaccord Capital Corporation. The proceeds from the sale of the Special Warrants, being $10,000,000, were used in conjunction with a $12,000,000 term loan to finance the acquisition of assets related to the business of ELM Oilpatch Rentals Ltd., to repay existing indebtedness and to provide working capital. Effective August 1 1998, a senior member will be added to the management team of Total. David Hawkins, C.A., has agreed to join Total as Vice President Finance and Chief Financial Officer. From 1992 to 1996 Mr. Hawkins worked in the audit department at KPMG, Chartered Accountants, and has been employed with another public oilfield services company since 1996, where he played a key role in its extensive acquisition program, several significant financings, a TSE listing and public company reporting and regulatory compliance. Total is a growth oriented energy services company that provides rental equipment to the oil and gas drilling industry in northwestern Alberta. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein -30- For further information: Mark Gustafson, President and Chief Executive Officer, (403) 234-8710