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Cane & Company, LLC
Affiliated with O'Neill Ritchie Taylor Law Corporation
of Vancouver, British Columbia, Canada
Michael A. Cane* Stephen F.X. O'Neill ** --------------------
Leslie L. Kapusianyk** Michael H. Taylor** Preston R. Brewer***
Telephone: (702) 312-6255
Facsimile: (702) 312-6249
E-mail: [email protected]
2300 West Sahara Avenue
Suite 500 - Box 18
Las Vegas, NV 89102
September 7, 2000
Crossnet Ventures, Inc.
68, World Trade Center
Colaba, Bombay, India 500005
Attention: Bruce Elliott, President
Re: Crossnet Ventures, Inc. Registration Statement on Form SB-2
Ladies and Gentlemen:
We have acted as counsel for Crossnet Ventures, Inc., a Nevada
corporation (the "Company"), in connection with the preparation
of the registration statement on Form SB-2 (the "Registration
Statement") filed with the Securities and Exchange Commission
(the "Commission") pursuant to the Securities Act of 1933, as
amended (the "Act"), relating to the offering of certain shares
of the Company's common stock.
In rendering the opinion set forth below, we have reviewed: (a)
the Registration Statement, Prospectus and the exhibits attached
thereto dated September 7, 2000; (b) the Company's Articles of
Incorporation; (c) the Company's Bylaws; (d) certain records of
the Company's corporate proceedings as reflected in its minute
books; and (e) such statutes, records and other documents as we
have deemed relevant. In our examination, we have assumed the
genuineness of all signatures, the authenticity of all documents
submitted to us as originals, and conformity with the originals
of all documents submitted to us as copies thereof. In addition,
we have made such other examinations of law and fact as we have
deemed relevant in order to form a basis for the opinion
hereinafter expressed.
Based upon the foregoing, we are of the opinion that the common
stock to be sold by the Company is validly issued, fully paid and
non-assessable. This opinion is based on Nevada general
corporate law.
Very truly yours,
CANE AND COMPANY, LLC
/s/ Michael A. Cane
_____________________________
Michael A. Cane, attorney and
Managing Member
*Licensed Nevada, California, Washington and Hawaii State Bars
** British Columbia Bar only; ***California Bar only
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Crossnet Ventures, Inc.
September 7, 2000
Page 2
We hereby consent to the use of this opinion as an Exhibit to the
Registration Statement and to all references to this Firm under
the caption "Interests of Named Experts and Counsel" in the
Registration Statement.
Very truly yours,
CANE AND COMPANY, LLC
/s/ Michael A. Cane
_____________________________
Michael A. Cane, attorney and
Managing Member
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