FINANCIAL NEWS

Abstract

Company Name Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Canadian Imperial Venture Corp. (Canadian Venture: CQV) Headquarters: St. John's, Newfoundland Private placement: Private placement Up to C$200,000: C$4.8 million Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Privately placed 482,667 special A warrants at C$1.50 each and 2,903,050 special B warrants at C$1.40 each, for gross proceeds of $4,788,270. Each special A warrant is exercisable into one flow-through common share and each special B warrant is exercisable into one common share and one common share purchase warrant. Jennings Capital Inc. served as agent. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Cusac Gold Mines Ltd. (Toronto: CQC) Headquarters: Vancouver Private placement: Private placement Up to C$200,000: Up to C$500,000 Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Will privately place 2 million units, consisting of one flow-through share and one warrant to purchase a non-flow-through share at C$0.25 each for one year. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Energy Exploration Technologies (OTC BB: ENXT) Headquarters: Calgary Private placement: Private placement Up to C$200,000: US$2.875 million Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Privately placed US$2.875 million of common stock at US$1.15 per share to fund its upcoming multiwell exploration program. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Energy North Inc. (Toronto: ENI) Headquarters: Calgary Private placement: Private placement Up to C$200,000: C$984,240 Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Privately placed 1,093,601 flow-through special warrants, at C$0.90 each, for proceeds of C$984,240. Funds from the offering will be used to fund seismic acquisition and exploratory drilling on existing and new projects. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Epic Oil and Gas (Canadian Venture: EAS) Headquarters: Vancouver Private placement: Private placement Up to C$200,000: C$400,000 Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Will privately place 4 million units at C$0.10 per each. Each unit will consist of one common share in the capital stock of the company and half of one nontransferable share purchase warrant. One full warrant will entitle the holder to purchase one additional share of the company for a 180-day period at a price of C$0.15. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Greentree Gas & Oil Ltd. (Canadian Venture: YGG) Headquarters: London, Ontario Private placement: Private placement Up to C$200,000: C$662,510 Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Privately placed 358,114 common shares at C$1.85 per share, for proceeds of C$662,510. The proceeds will be used to carry out gas and oil development and exploration activities on Greentree's properties in southwestern Ontario....

Equity

Company Name Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Canadian Imperial Venture Corp. (Canadian Venture: CQV) Headquarters: St. John's, Newfoundland Private placement: Private placement Up to C$200,000: C$4.8 million Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Privately placed 482,667 special A warrants at C$1.50 each and 2,903,050 special B warrants at C$1.40 each, for gross proceeds of $4,788,270. Each special A warrant is exercisable into one flow-through common share and each special B warrant is exercisable into one common share and one common share purchase warrant. Jennings Capital Inc. served as agent. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Cusac Gold Mines Ltd. (Toronto: CQC) Headquarters: Vancouver Private placement: Private placement Up to C$200,000: Up to C$500,000 Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Will privately place 2 million units, consisting of one flow-through share and one warrant to purchase a non-flow-through share at C$0.25 each for one year. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Energy Exploration Technologies (OTC BB: ENXT) Headquarters: Calgary Private placement: Private placement Up to C$200,000: US$2.875 million Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Privately placed US$2.875 million of common stock at US$1.15 per share to fund its upcoming multiwell exploration program. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Energy North Inc. (Toronto: ENI) Headquarters: Calgary Private placement: Private placement Up to C$200,000: C$984,240 Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Privately placed 1,093,601 flow-through special warrants, at C$0.90 each, for proceeds of C$984,240. Funds from the offering will be used to fund seismic acquisition and exploratory drilling on existing and new projects. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Epic Oil and Gas (Canadian Venture: EAS) Headquarters: Vancouver Private placement: Private placement Up to C$200,000: C$400,000 Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Will privately place 4 million units at C$0.10 per each. Each unit will consist of one common share in the capital stock of the company and half of one nontransferable share purchase warrant. One full warrant will entitle the holder to purchase one additional share of the company for a 180-day period at a price of C$0.15. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Greentree Gas & Oil Ltd. (Canadian Venture: YGG) Headquarters: London, Ontario Private placement: Private placement Up to C$200,000: C$662,510 Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Privately placed 358,114 common shares at C$1.85 per share, for proceeds of C$662,510. The proceeds will be used to carry out gas and oil development and exploration activities on Greentree's properties in southwestern Ontario. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Indusmin Energy Corp. (Canadian Venture: IDM) Headquarters: Point Roberts, Wash. Private placement: Private placement Up to C$200,000: C$900,000 Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Privately placed 400,000 special warrants at C$2.25 each. Each special warrant will entitle the holder to acquire one unit of the company. Each unit will consist of one common share and one share purchase warrant, with each purchase warrant entitling the holder to purchase one additional common share of the company at a price of C$2.55 per share for a period of one year. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Kensington Energy Ltd. (Canadian Venture: KNN) Headquarters: Calgary Private placement: Private placement Up to C$200,000: C$865,200 Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Privately placed 2,472,000 units with four individuals at C$0.35 each, for proceeds of C$865,200. Each unit consists of one class A common share of the corporation and one class A common share purchase warrant. Each warrant entitles the holder to purchase one additional class A common share of the corporation at C$0.45 per share until Sept. 10, 2002. Proceeds from the private placement will be applied toward the corporation's fall program of drilling, completion and facilities construction on existing lands. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Liberty Oil & Gas (Canadian Venture: LBR) Headquarters: Calgary Private placement: Private placement Up to C$200,000: C$1.3 million Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Will privately placement 1 million common shares at C$1.30 each. Proceeds of the issue will be used to drill two exploratory oil wells in the Edison area of Alberta. Drilling, completion and testing costs for the two wells are expected to be approximately C$1.2 million and Liberty's working interest participation will be 80% to 90%. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Matador Petroleum Corp. (NYSE: MATA) Headquarters: Dallas Private placement: Initial public offering Up to C$200,000: US$70 million Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Filed an initial public offering with a maximum offering amount of US$70 million. A.G. Edwards & Sons Inc. is lead manager with Dain Rauscher Wessels, Howard Weil and Raymond James & Associates Inc. as comanagers. The company plans to use the net proceeds of this offering to repay debt incurred under an existing revolving credit facility. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Rally Energy Corp. (Canadian Venture: YRY) Headquarters: Calgary Private placement: Private placement Up to C$200,000: C$1.2 million Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Privately placed 4,033,336 special warrants at C$0.30 each, for gross proceeds of C$1,210,001. Each whole share purchase warrant allows the holder to buy an additional common share for C$0.40 for one year from closing. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Synergy Technologies Corp. (OTC BB: OILS)Headquarters: Calgary Private placement: Private placement Up to C$200,000: C$1.5 million Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Privately placed C$1.5 million of stock with an investor group consisting of a private institutional investor, and select individuals, including directors and officers of Synergy. Terms of the financing were not disclosed. The new funding will be used to provide general working capital as Synergy continues its move toward commercialization. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Tuscany Energy (Canadian Venture: TUS) Headquarters: Calgary Private placement: Private placement Up to C$200,000: Up to C$200,000 Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Plans to complete a nonbrokered private placement with Humboldt Capital Corp. (Canadian Venture: HMB) of up to 2 million units, at C$0.10 each, for proceeds of up to C$200,000. Each unit will consist of one common share of Tuscany and one share purchase warrant of Tuscany. Each warrant shall entitle Humboldt Capital to acquire one common share at a price of C$0.10 per share, for two years. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Union Drilling Inc. (Nasdaq: UDRL) Headquarters: Bridgeville, Pa. Private placement: Initial public offering Up to C$200,000: Up to US$57.5 million Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Has filed an initial public offering with a maximum offering of US$57.5 million. Bear, Stearns & Co. is lead manager and McDonald Investments Inc. is comanager. The company plans to use the proceeds from this offering to refurbish, modify and upgrade drilling rigs and equipment and repay indebtedness, and for working capital and general corporate purposes. Union has applied for Nasdaq listing under the symbol UDRL. Alhambra Resources Ltd. (Canadian Venture: ALH) Headquarters: Calgary: Wirbac Resources Inc. (Canadian Venture: WIR) Headquarters: Calgary Private placement: Private placement Up to C$200,000: Up to C$650,000 Plans to privately place up to 2 million units at C$0.10 per unit. Each whole common share purchase warrant may be exercised to purchase a common share of Alhambra for two years at C$0.15 in the first year and C$0.20 the second. The proceeds of the private placement will be used for working capital to be applied to Alhambra's exploration and development of resource projects. : Will privately place a minimum of 4 million and a maximum of 6.5 million common shares at C$0.10 each. DEBT

Amerada Hess Corp. (NYSE: AHC) Headquarters: New York City Chancellor Group Inc. (OTC BB: CHAG) Headquarters: Los Angeles: Denbury Resources Inc. (NYSE: DNR; Toronto: DNR) Headquarters: Dallas Credit agreement: Notes sale US$500,000: US$75 million Entered an agreement with Rubin Investment Group Inc., for US$500,000 to finance the delayed start-up of its drilling program at its Shinkle Field oil and gas project in Greenwood County, Kan. The financing will be drawn down in two installments. This new financing of $500,000 investment replaces a previous financing agreement Chancellor had with May- Davis Group of New York, terminated before any financing was done.: Sold US$75 million face amount of series B senior subordinated notes. The company announced the termination of this offering but due to improved market conditions the company decided to proceed. Denbury plans to use the estimated net proceeds of the long-term debt borrowed under the company's bank credit facility in connection with the recent acquisition of Matrix Oil & Gas Inc. Chancellor Group Inc. (OTC BB: CHAG) Headquarters: Los Angeles: Lexxor Energy Inc. (Canadian Venture: LXX) Headquarters: Calgary Credit agreement: Stock sale US$500,000: C$2.25 million Entered an agreement with Rubin Investment Group Inc., for US$500,000 to finance the delayed start-up of its drilling program at its Shinkle Field oil and gas project in Greenwood County, Kan. The financing will be drawn down in two installments. This new financing of $500,000 investment replaces a previous financing agreement Chancellor had with May- Davis Group of New York, terminated before any financing was done.: Will issue up to 5 million flow- through shares at C$0.45 each. Jennings Capital Inc., with Octagon Capital Corp., will be acting as agent for the offering. Lexxor intends to use the C$2.25 million in proceeds from the offering to finance exploration of Lexxor's oil and gas properties in southeast Saskatchewan and Alberta. Chancellor Group Inc. (OTC BB: CHAG) Headquarters: Los Angeles: Williams Cos. Inc., (NYSE: WMB) Headquarters: Tulsa, Okla. Credit agreement: Notes sale US$500,000: US$1.2 billion Entered an agreement with Rubin Investment Group Inc., for US$500,000 to finance the delayed start-up of its drilling program at its Shinkle Field oil and gas project in Greenwood County, Kan. The financing will be drawn down in two installments. This new financing of $500,000 investment replaces a previous financing agreement Chancellor had with May- Davis Group of New York, terminated before any financing was done.: Will sell 10-year notes and 20-year bonds valued at US$1.2 billion. Williams is using proceeds to pay down bridge financing it took on to buy Rocky Mountain gas producer Barrett Resources for US$2.5 billion. Buybacks and Redemptions

Anadarko Petroleum Corp. (NYSE: APC) Headquarters: Houston Harken Energy Corp. (Amex: HEC) Headquarters: Houston: Smith International Inc. (NYSE: SII) Headquarters: Houston Buyback: Buyback Up to US$5 million: US$282 million Will purchase shares of common stock and other securities of the company in the market from time to time up to a maximum expenditure of US$5 million. : Will repurchase up to 5 million of its shares, valued at US$282 million. The company will use its larger cash flow to make acquisitions. Harken Energy Corp. (Amex: HEC) Headquarters: Houston: Torch Offshore Inc. (Nasdaq: TORC) Headquarters: New Orleans Buyback: Buyback Up to US$5 million: US$5 million Will purchase shares of common stock and other securities of the company in the market from time to time up to a maximum expenditure of US$5 million. : Will implement a US$5-million stock repurchase program. Purchases will be made in the open market or otherwise over a period of time as determined by management subject to market conditions, applicable legal requirements and other factors. Approximately 5% of Torch Offshore's 13.3 million shares outstanding could be repurchased.