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Dominion Explorers Corporate Update.


CALGARY, ALBERTA--(BUSINESS WIRE)--MAY 24, 1996--DOMINION EXPLORERS INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.

Antonym: dec.
(TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: DMN DMN Dimension
DMN Dimethylnitrosamine (carcinogen)
DMN Data Multiplexing Network
DMN Defective Material Notice
DMN Discrete Memoryless Network
DMN Document Management Number
DMN Dynamic Mesh Network
DMN Digital Milti-Network
) Dominion Explorers Inc. of Calgary, Alberta has been advised by First Reserve Corporation that they are unable to proceed with their purchase of a Private Placement of common equity and convertible debentures Convertible Debenture

Any type of debenture that can be converted into some other security.

Notes:
For example, a convertible bond can be converted into stock.
 previously announced on April 23, 1996.

ARC Financial Corporation, who was acting as agent in the transaction as well as a principal purchaser of securities, has advised Dominion of their continuing interest in making an investment in the company. Dominion and ARC are continuing their discussions regarding a restructuring of the proposed private placement.

Dominion Explorers Inc. intends to close on Monday, May 27, 1996, a $2 million offering of flow through shares which was oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously.  through the facilities of MacDougall Meyer Inc. in the Province of Quebec.

CONTACT: Dominion Explorers Inc.

John A. Pope, P.Eng.

President

403/571-1100

403/571-1101 (FAX)

or

Dominion Explorers Inc.

Andrew S. Burgess, C.A.

Vice-President

403/571-100

403/571-1101 (FAX)
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 24, 1996
Words:161
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