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Warrant Symbol - CVL.WT.A
Number  Trading - 5,000,000
Expiration Date -
Cusip - 126940 11 3
Exercise price: $1.10

Warrants called to trade news:

1997-12-12 15:18 MT - Warrants Called to Trade

Further to the company's prospectus dated December 3 1997, the company completed a 10,000,000 unit offering at $1.05 per unit on December 11 1997. Each unit consists of one share and one-half series A share purchase warrant. An additional 10,000,000 shares have been issued as a result of this offering.

The company's series A warrants will begin trading effective December 15 1997 on the VSE.

Capitalization: 5,000,000 series A share purchase warrants issued

Wt exercise price: $1.10
Wt term: One series A warrant entitles the holder to purchase one share for one year from the closing date, ending December 15 1998.
Transfer agent: Montreal Trust Company

Wt trading symbol: CVL.WT.A
Wt Cusip No: 126940 11 3

Agent's Wt: 1,000,000 warrants; one warrant to purchase an additional share at $1.10 up to December 15 1998. Canaccord and Yorkton were the agents for the offering.


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