TSX Venture Exchange: CQV
CQV Frankfurt Stock Exchange: DFM
ST. JOHN'S, NL, April 30 /CNW/ - Canadian Imperial Venture Corp. (the
"Company" or "CIVC") announced in a news release dated April 9, 2007 that the
British Columbia Securities Commission granted the Company's request for a
Management Cease Trade Order in connection with the Company's failure to file
its November 30, 2006 audited annual financial statements. The following is
the Company's bi-weekly default status report pursuant to Appendix B of CSA
Policy 57-301, which is filed on System for Electronic Document Analysis and
Retrieval and available at http://www.sedar.com.
Pursuant to CSA Staff Notice 57-301
Default Status Report
TO: British Columbia Securities Commission
Alberta Securities Commission
Ontario Securities Commission
Canadian Imperial Venture Corp. ("CIVC" or the "Company") is providing an
update in accordance with CSA Staff Notice 57-301 Failing to File Financial
Statements on Time - Management Cease Trade Orders.
1. The Company advises that there is no material change in the
information contained in the Notice of Default dated April 9, 2007
("Notice of Default").
2. As a result of the factors noted in the Notice of Default, the
Company has been unable to complete its audited financial statements
for the year ended November 30, 2006 ("Audited Financial
Statements") and interim financial statements for the first quarter
ending February 28, 2007 ("Interim Financial Statements") by the
previously anticipated date of April 30, 2007 indicated in the
Company's Default Status Report dated April 23, 2007, and now expects
to file the Audited Financial Statements and Interim Financial
Statements on or before May 7, 2007.
3. The Company advises that there is no actual or anticipated default of
a financial statement filing requirement subsequent to that disclosed
in the Notice of Default.
4. The Company advises that there is no other material information
concerning the affairs of the Company that has not been generally
For further information, please contact the Company.
CANADIAN IMPERIAL VENTURE CORP.
Steven M. Millan, P.Geo.
Chairman and CEO
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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Canadian Imperial Venture Corp., (709)
739-6700, Fax: (709) 739-6605, firstname.lastname@example.org, website: