If you are looking to distribute the application onto a machine that does not have a licensed copy of Corel Draw in place, then you are going to have to write your own parser to transform the binary format into a bitmap format that your application can use. This is not a trivial task. An alternative would be to use an image converter service such as
this[
^] to convert the image.
If the machine has Corel Draw installed, you can use the Corel Draw Type Library and Vector Graphics Core Type Library to manipulate the image. This is available through the COM tab in Add References.