FOR FURTHER INFORMATION PLEASE CONTACT:
QVGD Investors Inc.
Gordon B Singer
Vice-President, Treasurer
(403) 265-7007
qvgd@telusplanet.net
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: QVGD INVESTORS INC.
DECEMBER 2, 1998
RE: QVGD Investors Inc. - Claude Resources Inc. Update
CALGARY, ALBERTA--This press release and report is made pursuant
to section 93(1) of the Securities Act (British Columbia), section
141 of the Securities Act (Alberta), section 110 of The Securities
Act (Saskatchewan), section 92(1) of The Securities Act
(Manitoba), section 101 of the Securities Act (Ontario), section
147.11 of the Securities Act (Quebec), and section 102 of the
Securities Act (Newfoundland).
/T/
1. Name of Offeror:
- QVGD Investors Inc.
- Suite 800, McFarlane Tower
- 700 - 4th Avenue S.W.
- Calgary, Alberta
- T2P 3J4
/T/
2. Number of securities over which the Offeror and every person or
company acting jointly or in concert with the Offeror has acquired
ownership or control or direction as a result of the transaction
or occurrence giving rise to the Report:
- 3,541,800 common shares of Claude Resources Inc.
3. The number of securities held by or over which the Offeror and
every person or company acting jointly or in concert with the
offeror exercised control or direction after the transaction or
occurrence giving rise to the Report:
- As of December 2, 1998, QVGD Investors Inc. exercises control or
direction of 3,541,800 common shares of Claude Resources Inc.
representing approximately 12 percent of the issued and
outstanding common shares of Claude Resources Inc.
4. Market where the transaction or occurrence took place:
- Acquisition of shares on the public stock exchange.
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
DATED this 2nd day of December 1998.
QVGD INVESTORS INC.
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