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

To: SofaSpud who wrote (11614)	7/6/1998 11:05:00 PM
From: Kerm Yerman	Respond to of 15196

FINANCING / Barra Resources Completes Flow Through Share Offering BARRA RESOURCES INC. COMPLETES FLOW THROUGH SHARE OFFERING CALGARY, July 6 /CNW/ - BARRA RESOURCES INC. (ASE: BAO) (the ''Corporation'') announces that it has completed a private placement of 1,200,000 flow through common shares at a price of $0.45 per share for gross proceeds of $540,000. The placement was subscribed to by the EnerVest FTS Limited Partnership Fund (1997). The proceeds of the offering will be used to incur qualifying expenditures on the Corporation's properties at Provost, Bantry and Minton.