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Gold/Mining/Energy : CANADIAN OVERSEAS EXPLORATIONS (CVC.V)
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To: Howard H Bouch who wrote (93)3/25/1998 4:25:00 PM
From: R.A.K.  Read Replies (3) of 113
 
Spoke with Nav Badio(spelling) a Director at CVC. Some of what he told me are as follows.

1. CVC submitted(two weeks ago) a property acquisition for the VSE to approve.

2. Financing agreement in the area of $200'000 has been reached.

3. There will be a share roll back but he was not clear as to the exact ratio.

4. Future financing shouldn't be a problem according to him.

5. The property will be revenue producing from day one.

6. He expects to be trading again in 2-3 weeks.

These are the comments he made to me early today. Take them for what they're worth and if like he can be reached at (604)685-8688.

Regards,

RAK
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