News

Aug 16, 2001 - 14:58 ET Antrim Energy Inc. Closes Special Warrant Offering

CALGARY, ALBERTA--ANTRIM ENERGY INC. (TSE: "AEN" "Antrim") is 
pleased to announce that it has successfully closed its previously
announced offering of approximately 4.6 million Special Warrants. 
The Special Warrants were issued at a price of $1.25 per Special 
Warrant for gross proceeds of approximately $5.7 million.  The 
financing was completed through a syndicate of investment dealers 
which was led by Haywood Securities Inc. and included FirstEnergy 
Capital Corp., J.F. Mackie & Company and Jennings Capital Inc. 

Each Special Warrant is exercisable for one (1) Common Share and 
one-half (1/2) of one common share purchase warrant ("Warrant") at
no additional cost.  Each whole Warrant entitles the holder to 
acquire one (1) Common Share at a price of $1.50 per Common Share 
expiring August 16, 2002.

FOR FURTHER INFORMATION PLEASE CONTACT:

Antrim Energy Inc.
Stephen Greer
Chairman & CEO
(403) 264-5111
(403) 264-5113 (FAX)
Email: greers@antrimenergy.com
Website: www.antrimenergy.com

or

Antrim Energy Inc.
Randal J. Matkaluk
Chief Financial Officer
(403) 264-5111
(403) 264-5113 (FAX)
Email: rjm@antrimenergy.com
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.