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Microcap & Penny Stocks : GW GREY WOLF
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To: Susan Saline who wrote (316)8/7/1998 1:22:00 PM
From: jeffrey rainey   of 444
 
s of August 4,1998, QVGD Investors Inc. exercises control or direction of
22,828,200 common shares of Grey Wolf Exploration Inc. representing
approximately 18 percent of the issued and outstanding common shares of Grey
Wolf Exploration Inc.
4. Market where the transaction or occurrence took place:
- Acquisition of common shares on new issue from Treasury by the Company
under a prospectus dated July 24, 1998
5. The purpose of the Offeror and any person acting jointly or in concert
with the Offeror in effecting the transaction, including any future
intention to increase the beneficial ownership, control or direction over
securities of the Offeree issuer:
- Investment purposes only.
6. Description of any change in any material fact set out in a previous
report filed under Section 101 of the Securities Act (Ontario):
- None
7. Name of any persons or companies acting jointly or in concert with the
Offeror:
- None
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