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Gold/Mining/Energy : Canadian Imperial Ventures Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Rick Westfall who wrote (103)	6/5/1998 6:31:00 PM
From: Rick Westfall	Read Replies (1) \| Respond to of 139

Funds transferred to Imperial Venture Corp TKO Resources Inc TK Shares issued 21,543,200 Jun 4 close $0.16 Fri 5 Jun 98 News Release Mr. Bob Burton reports A total of $100,000 has been transferred to Imperial Venture Corp to begin permitting and other preparatory work for the completion of a 2D seismic program onshore Western Newfoundland. The seismic shoot will provide an additional 20 to 30 kilometres of 2D data. This program is designed to better define the subsurface geometry and drilling targets. This program will be followed by a multi-well drilling program to be implemented on the onshore Harry's River block. At the request of the VSE the company wishes to clarify certain information stated in a press release dated June 4, 1998 (Stockwatch June 5, 1998). This press release in question indicated prospect leads and range sizes in one instance at the 50 to 100 million barrels of oil equivalent (onshore) and in the other instance at the 100 to 500 million barrels of oil equivalent (offshore). These estimates were based on regional geology, reconnaissance seismic and analogies to known areas. The company obtained this information from a report prepared by Dr. George Langdon, who at the time of the report was acting as an independent consultant for IVC. Dr. Langdon, who is currently president and exploration manager of IVC, as well as a member of the IVC board, will join the TK board immediately on the completion of the transaction. Dr. Langdon is a petroleum exploration consultant with experience in Newfoundland, Western Canada and the Middle East. He formerly worked with Hudson Bay Oil & Gas and Aramco. His PhD thesis at Memorial University was on the geology of Western Newfoundland. The company does not in any way represent these estimates as proven or probable reserves but rather as the potential size of a discovery if one should occur on IVC lands. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com