Canadian Imperial Venture V.CQV.H

Canadian Imperial Venture Corp. announces closing

[collinsc]

CNW Group Portfolio E-Mail

CANADIAN IMPERIAL VENTURE CORP.

Transmitted by CNW Group on : September 8, 2009 09:17

Canadian Imperial Venture Corp. announces closing of private placement

         Trading Symbols:

         TSX Venture Exchange: CQV

         Frankfurt Stock Exchange: DFM

         ST. JOHN'S, NL, Sept. 8 /CNW/ - Canadian Imperial Venture Corp. ("CIVC" /

        the "Company") is pleased to announce the final closing of the non-brokered

        private placement previously announced on June 3, 2009. The private placement

        had three closings whereby a total of 42,000,000 Units and 11,750,000

        Flow-through Shares were sold for proceeds of $1,075,000. Under the final

        closing, a total of 2,500,000 Units and 4,500,000 Flow-through Shares were

        sold for proceeds of $140,000. All securities purchased under this closing

        will have a four-month hold period, which expires January 5, 2010.

         The proceeds from the private placement will be used for additional

        exploration on the Company's properties in Western Newfoundland and in Alberta

        and for working capital. Each Unit consists of one common share in the capital

        of the Company and one-half of one non- transferable share purchase warrant

        ("Warrant"). One whole Warrant will entitle the holder to buy an additional

        share in the capital of the Company for a period of two years at a price of

        $0.05 per share during the first year and at a price of $0.10 per share during

        the remaining term of the Warrant.

         Canadian Imperial Venture Corp. is an independent Canadian-based energy

        company with interests in petroleum exploration and development in western

        Newfoundland and in western Canada. Eastern Canada is the home to such

        developments as the Hibernia, Terra Nova, White Rose, Sable Island, Deep

        Panuke, and McCully fields.

         CANADIAN IMPERIAL VENTURE CORP.

         By: "Gerard Edwards"

         ----------------

         Gerard Edwards, MBA

         Chief Financial Officer

         Neither the TSX Venture Exchange nor its Regulation Services Provider

         (as that term is defined in the policies of the TSX Venture Exchange)

         accepts responsibility for the adequacy or accuracy of this release.

        -30-

        /For further information: Canadian Imperial Venture Corp. [phone],

        Fax: [phone], [e-mail], website:

        www.canadianimperial.com/

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