Correction From Source - Derek Files For Summary Judgement.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--May 9, 2001 Derek Resources Corporation reported earlier today that on May 4, 2001 the company filed a motion in the District Court of the Sixth Judicial District for Wyoming requesting a partial summary judgment in its favour against Asdar Group, Inc. That news release contained a typographical error typographical error - (typo) An error while inputting text via keyboard, made despite the fact that the user knows exactly what to type in. This usually results from the operator's inexperience at keyboarding, rushing, not paying attention, or carelessness. Compare: mouso, thinko. in the disclosure of an important date. In the text of the earlier news release it was reported that "During the April 6, 2001 Injunction Hearing, in which Asdar was denied injunctive relief injunctive relief n. a court-ordered act or prohibition against an act or condition which has been requested, and sometimes granted, in a petition to the court for an injunction. from the company's foreclosure proceedings, the company admitted into evidence a Compliance Report prepared by the firm PriceWaterhouseCoopers which stated that the company had incurred US $4,938,917 in expenditures on the LAK LAK In currencies, this is the abbreviation for the Laos Kip. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Property as of December 31, 2001. This evidence was uncontroverted by Asdar". The corrected text should read "During the April 6, 2001 Injunction Hearing, in which Asdar was denied injunctive relief from the company's foreclosure proceedings, the company admitted into evidence a Compliance Report prepared by the firm PriceWaterhouseCoopers which stated that the company had incurred US $4,938,917 in expenditures on the LAK Property as of December 31, 2000. This evidence was uncontroverted by Asdar". DEREK RESOURCES CORPORATION "Barry Ehrl" "Frank Hallam" Barry C.J. Ehrl, Director Frank Hallam, Director For further information please contact John Foulkes or Michael Kowalewich at Investor Relations Investor relations The process by which the corporation communicates with its investors. 1-888-756-0066 or (604) 331-1757 www.derekresources.com Corporate e-mail: info@derekresources.com Investor Relations e-mail: invest@derekresources.com The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has neither approved nor disapproved the information contained herein Cautionary Note to U.S. Investors: The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission permits resource companies, in their filings with the SEC, to disclose only those oil and gas deposits that a company can economically and legally extract or produce. We may use certain terms and calculations of oil and gas reserves on this news release, such as calculations of "resources" and "reserves" that the SEC guidelines prohibit us from including in filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 0-30072, available from us at Suite 1730, 355 Burrard Street Burrard Street is a major thoroughfare in Vancouver, British Columbia, Canada. It is the central street of Downtown Vancouver and the Financial District. The street is named for Burrard Inlet, located at its northern terminus, which in turn is named for Sir Harry Burrard. , Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , Canada, V6C 2G8. You can also obtain this form from the SEC by calling 1-800-732-0330. |
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