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Gold/Mining/Energy : CANADIAN OVERSEAS EXPLORATIONS (CVC.V)

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To: Pierre J. LeBel who wrote ()4/5/1997 11:36:00 AM
From: Rook   of 113
 
Some of you may be wondering, who is the new person in charge of CVC? Well, his name is Michael Raftery and he is not a new face to the company. He is an old face returning after a two year absence.

In 1992, he paid off CVC's debts in exchange for shares and the price skyrocketed from 5c to 92c. With him as a director, CVC was also able to hit highs of 67c in '93 and 65c in '94. After he left, the stock was only able to reach 18c in '95 and 13c in '96.

* Some other Career Highlights *
In 1990, his American Pacific had annual earnings of $17 million before being acquired by Breakwater. In 1992, he helped launch Rome Resources and during his two year time, the stock went from 43c to $1.80. Last year his KFG went from 30c to 85c. Also in '96, he bought a private placement of Strand Resources at $1.60 in July and 6 weeks later the stock hit $4.00.

* Michael Paul Raftery's resume *

American Pacific Mining Co Inc
-became a director of Co 87/08

Andex Mines Ltd
-is a former director of Co

Avocet Mining PLC
-became a director of Co 89/07
-became a former director of Co 96/09

Boise Creek Resources Ltd
-is a former director of Co

Canadian Overseas Exploration Corp
-became a director of Co 85/06
-received shares for debt 92/05
-was disclosed as an officer of Co 92/09
-became a former director of Co 94/08
-became a director of Co 96/10

China First Capital Corp
-was a director of Co

Circumpacific Energy Corp
-became a director of Co 91/10
-became a former director of Co 92/05

Gunsteel Resources Inc
-is a former director of Co

HAMILTON INV
-is or has been a shareholder of Co

Hawk Resources Inc (now Zicor Mining: ZMI)
-became a director of Co 88/04
-became a former director of Co 94/04

International Phasor Telecom Ltd
-is a former director of Co

KFG Resources Ltd
-became a director of Co 94/04

Kwik Products International Corp
-was disclosed as an officer of Co 90/12
-became a director of Co 91/03
-became a former director of Co 92/04
-was disclosed as a former officer of Co 92/05

Mariah Resources Ltd
-is a former director of Co

Murgold Resources Inc
-is a former director of Co

Rome Resources Ltd
-became a director of Co 92/01
-became a former director of Co 93/11

Skyhawk Resources Inc
-became a former director of Co 90/01

Source Resources Ltd (now Namibian Minerals: NMR-TSE)
-is or has been a shareholder of Co
-was a vendor to Co
-became a director of Co 69/09
-became a former director of Co 93/06
-was disclosed as a former shareholder of Co 93/07

Strand Resources Inc (now Tri Star Gold: TSG)
-was disclosed as an officer of Co 91/06
-bought a private placement in Co 96/07
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