2009-08-10-2008-08-01

To buy co., gaining 50,000 BOE 2P, 20 BOE/d.

Canadian Imperial Venture Corp., St. John's, Newfoundland, (Toronto Venture: CQV) has closed its acquisition of Alberta-based 1413786 Alberta Ltd. for approximately C$1.75 million in stock. 1413786 Alberta has acquired the assets of En-Core Investments Ltd. prior to closing. En-Core's assets include 33,270 gross hectares (130 sections) of developed and undeveloped acreage predominantly in southern Alberta in the Black Butte, Coutts, Etzikom, Foremost, Forty Mile, Manyberries, Pakowki, Sapphire, Warner and Yellow Lake areas. Working interests are 22% on developed land and 19% on undeveloped land. Production is approximately 20 barrels of oil equivalent per day. Proved and probable reserves as of Sept. 1 were 50,000 barrels equivalent, according to Gilbert Lausten Jung. En-Core held 17.5 million warrants in Canadian Imperial as a result of Canadian Imperial's acquisition of USG in May 2007, and in which En-Core was a shareholder. Canadian Imperial issued 17.5 million shares to En-Core at C$0.10 each.