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

To: Kerm Yerman who wrote (12403)	9/22/1998 5:47:00 PM
From: SofaSpud	Respond to of 15196

FINANCING / Real Res. private placement REAL RESOURCES INC. TO ISSUE SHARES TO ARC CANADIAN ENERGY VENTURE FUND CALGARY, Sept. 22 /CNW/ - Real Resources Inc. (''RER'' - TSE) announced today that ARC Canadian Energy Venture Fund will subscribe for 2,500,000 units at a price of $0.85 per unit in a private placement for aggregate gross proceeds of $2,150,000 (approximately $2,017,500 net of fees and estimated expenses). Each unit consists of one Common Share and one-half of a transferable warrant. Each whole warrant will entitle the holder to purchase one Common Share of the Corporation at an exercise price of $1.00 per share until September 15, 2001. ARC currently holds approximately 12% of Real's Common Shares. The agreement is subject to due diligence, definitive documentation and regulatory approval. Real plans to utilize these funds to accelerate its exploration and development drilling program. The Company currently has eighteen active exploration projects in various stages of maturity plus development on four core prospects. Real Resources presently has production of 2200 boepd, the majority of which is produced from the Company's core areas located in Sounding Lake and Hays in Alberta as well as southeastern Saskatchewan. Real's undeveloped land holdings consist of 186,000 gross acres (88,000 net) located in Manitoba, Saskatchewan and Alberta. -30- For further information: Lowell E. Jackson, President & CEO, Real Resources Inc., (403) 262-9077, Fax: (403) 262-6403

To: Kerm Yerman who wrote (12403)	9/22/1998 5:58:00 PM
From: SofaSpud	Read Replies (6) \| Respond to of 15196

CORP. / Fracmaster plans Balm strategy FRACMASTER LTD. CALGARY, Sept. 22 /CNW/ - Further to the recent announcement of September 16, 1998 by Mr. Alfred Balm of his intention to sell approximately 18,000,000 common shares representing approximately 43% of the issued capital of the Corporation, the Board of Directors has established a Special Committee of independent directors to initiate a process to explore a sale of the Corporation in a manner designed to maximize value for all shareholders. The Special Committee has appointed Credit Suisse First Boston Corporation and Newcrest Capital Inc. as financial advisors. Fracmaster Ltd. is an international oil and gas service and production company which is listed on the New York Stock Exchange, the Toronto Stock Exchange and the Montreal Exchange and trades under the symbol ''FMA''. %SEDAR: 00001186E -30- For further information: Les J. Margetak, President and Chief Executive Officer, Gary T. Sherkey, Senior Vice President, Finance & Administration, Chief Financial Officer, Fracmaster Ltd., (403) 262-2222, Fax: (403) 266-0505