CDNX - DRS
OTC BB - DRKRF
December 20, 2002
Form 20-F File No.: 0-30072
Private Placement Closes
(Vancouver, B.C., December 20, 2002) – Derek Resources Corporation announces that a private placement for 300,000 units at a price of $0.10 per unit has closed on December 13, 2002. Details of the placement were previously released in a news release dated November 29, 2002.
DEREK RESOURCES CORPORATION
/s/ Barry C.J. Ehrl
/s/ Frank Hallam
Barry C.J. Ehrl, Director
Frank Hallam, Director
For further information please contact Investor Relations 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 has neither approved nor disapproved the information contained herein
Cautionary Note to U.S. Investors: The United States 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, Vancouver, British Columbia, Canada, V6C 2G8. You can also obtain this form from the SEC by calling 1-800-732-0330.
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