Frankfurt Exchange: DFM
ST. JOHN'S, NL, Feb. 27 /CNW/ - (TSXV:CQV) Canadian Imperial Venture
Corp. (the "Company" / "CIVC") is pleased to announce that it has
entered into a consulting agreement with Anstey & Associates
("Anstey"), a division of Atlantic Perspectives Inc., whereby Anstey
will network within the various investment communities predominantly in
Toronto, and may also include assisting in providing introductions
across Canada, the United States, the UK and Europe; help organize
marketing opportunities and venues as required; and, improving the
profile of the Company with investors.
In consideration for these services, Anstey will receive $2,500 per
month for the first 6 months and a review of the monthly retainer will
be conducted upon the completion of the first six months under the
contract. Under the agreement with Anstey, the Company will allocate
5,000,000 stock options at a price of $0.10 to be issued as follows:
2,500,000 when the TSX Venture Exchange approves the agreement and
2,500,000 following a favourable performance review at the end of the
first 6 months of the contract. Additionally, a finder's fee will be
paid in accordance with Exchange rules on monies raised as a result of
introductions and subsequent investment by underwriters, investment
bankers and/or retail brokers. Such finder's fee will be paid after the
closing of said fundraising.
Anstey & Associates / Atlantic Perspectives Inc. is a boutique Capital
Markets Marketing and Investor Relations firm specializing in the
facilitation of effective interfacing between Corporate Management and
leading Wealth Advisors, Investment Bankers, High Net Worth Investors
and Analysts. Gary Anstey, the principal of Atlantic Perspectives Inc.
has over 15 years experience as a Consultant to companies in
resource-based sectors in the areas of Corporate Development, Investor
Relations, and Government Relations. He has advised on World Class
Projects including Voisey's Bay Nickel (Inco, VBN), Iron Ore Company of
Canada, Hibernia (Exxon Mobil, Petro-Canada), White Rose (Husky
Energy), and Terra Nova (Petro-Canada). Gary was a Senior Advisor to
Federal Ministers and is a former Chief of Staff to the Hon. Brian
Tobin (Ottawa). Currently, he advises Consolidated Thompson (CLM:T),
Minco Silver (MSV:T), Norvista Resources, and XDM Resources.
"We welcome Mr. Anstey to the Canadian Imperial team and we look forward
to a long and prosperous working relationship with his company, both at
home and abroad," said Gerard Edwards, President and CEO of Canadian
Imperial Venture Corp.
All stock options granted to Anstey will vest in accordance with the
Company's stock option plan and the policies of the TSX Venture
Exchange. The consulting agreement, the payment of the cash fee and the
issuance of stock options are subject to the approval of the TSX
There is no prior relationship between CIVC and Anstey, nor is there any
prior direct or indirect interest in the Company or its securities or
any right to acquire such an interest on the part of Anstey.
Canadian Imperial Venture Corp. is an independent Canadian-based energy
company, a leader in the Green Point oil-in-shale play. Eastern Canada
is the home to such developments as the Hibernia, Terra Nova, White
Rose, Sable Island, Deep Panuke, and McCully fields.
CANADIAN IMPERIAL VENTURE CORP.
By: "Gerard Edwards"
Gerard Edwards, MBA
President and CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OF THIS PRESS RELEASE.
This release includes certain forward looking statements which reflect
beliefs, expectations, objectives and goals which are believed to be
reasonable at the time such statements are made. Actual results could
differ materially from anticipated results and may be impacted upon
such factors as commodity prices, political developments, legal
decisions, market and economic conditions, industry competition, the
weather, changes in financial markets and changing legislation.
SOURCE CANADIAN IMPERIAL VENTURE CORP.
For further information:
Canadian Imperial Venture Corp.
P.O. Box 6232, Stn. C
St. John's, NL A1C 6J9
Tel.: (709) 739-6700 / Fax: (709) 739-6605 / E-mail: firstname.lastname@example.org / website: www.canadianimperial.com