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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (6652)	7/16/1999 9:46:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 24914

VETERAN RESOURCES INC. Suite 2200 700 - 6th Avenue, S.W. Calgary, Alberta T2P 0T8 May 31, 1999 ALBERTA SECURITIES COMMISSION MARKET SURVEILLANCE/CONTINUOUS DISCLOSURE 19th Floor, 10025 Jasper Avenue Edmonton, Alberta T5K 3Z5 Attention: Executive Director BRITISH COLUMBIA SECURITIES COMMISSION Suite 200, 865 Hornby Street Vancouver, B.C. V6Z 2H4 Attention: Director of Filings Dear Sir: Re: VETERAN RESOURCES INC. Material Change Report Under Section 118 of the Securities (Alberta) This letter is intended as a statement setting forth certain matters that may be a material change in the affairs of Veteran Resources Inc. (the "Corporation"). For convenience, this letter is itemized in the same manner as Form 27 of the Securities Act (Alberta). Concurrent with this filing, this letter is being filed with The Alberta Stock Exchange, being the only Exchange on which the Corporation's shares are currently listed. Item 1 - Reporting Issuer VETERAN RESOURCES INC. Suite 2200 700 - 6th Avenue, S.W. Calgary, Alberta T2P 0T8 Item 2 - Date of Material Change The material change occurred on May 27, 1999. Item 3 - Publication of Material Change A Press Release was issued on May 27, 1999. Item 4 - Summary of Material Change The Corporation completed a second closing of 1,497,000 Units at $0.45 per Unit, for gross proceeds of $673,830. Item 5 - Full Description of Material Change The Corporation has completed a second closing of 1,497,400 Units at $0.45 per Unit to raise gross proceeds of $673,830. Each Unit consists of one common share and one share purchase warrant exercisable at $0.50 per share on or before March 2, 2000. The Corporation had completed a first closing on March 2, 1999. The total Units subscribed for at the two closings was 3,952,735 Units for gross proceeds of $1,778,730. The net proceeds are intended to be used to exploit the Corporation's oil and gas licenses in northeastern British Columbia. No starting date for the program has been determined, as yet. Yorkton Securities Inc. acted as agent and was paid a commission of 5%, and received an option to acquire a number of Units equal to 10% of the Units subscribed under the Offering. Item 6 - Reliance on Section 118(4) of the Securities Act (Alberta) Not applicable Item 7 - Omitted Information Not applicable Item 8 - Senior Officer The name of a Senior Officer of the Corporation who is knowledgeable about the material change and who can be contacted by the Commission is: Ivan Wytrychowski, Vice-President of Production and Director Telephone: (403) 266-3005 Fax: (403) 261-2834 Item 9 - Statement of a Senior Officer The foregoing accurately discloses the material change referred to in this report. DATED at Calgary, Alberta, this 31st day of May, 1999. Yours truly, VETERAN RESOURCES INC. "Signed" Per: IVAN WYTRYCHOWSKI Vice-President of Production and Director

To: kingfisher who wrote (6652)	7/17/1999 1:58:00 PM
From: RIK	Read Replies (1) \| Respond to of 24914

Hi Richard I would be very interested in the location of TUSK's new B.C. project and specifically the primary zone of interest . I tried a ‘search' on Veteran operated wells without any success. The amount of acreage that can earned suggests that they are ( were ?? ) involved in a higher risk project ....trading to date suggests that they have encouraging results . Recently I have added to my modest position in TUSK due to the recovery in oil prices. It appears that the recovery in energy shares is starting to filter down to the juniors and small companies . As you know TUSK have at least two gas projects , that while not world class , still have interesting cash flow potential. Mr. Holton seems to have a ‘knack' for getting involved in interesting prospects. I am looking forward to learning more about the B.C. project. Have a pleasant day !