ABLEVEST HOLDINGS COMPLETES MAJOR TRANSACTION.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , ALBERTA--(BUSINESS WIRE)--JANUARY 17, 1995-- ABLEVEST HOLDINGS LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability .(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :AVH AVH Academy of Veterinary Homeopathy AVH Association Valentin Haüy pour le bien des aveugles AVH Acute Viral Hepatitis AVH Alex Van Halen AVH Antelope Valley Hospital (Lancaster, California) AVH Auditory Verbal Hallucination ) Ablevest Holdings Ltd. (the "Corporation"), a junior capital pool corporation, listed on The Alberta Stock Exchange, announces that it has now completed the final closing of its Major Transaction, such closing to be effective as at December December: see month. 29, 1994. The Corporation's Major Transaction consisted of the acquisition of all of the issued and outstanding shares in the capital of Rainee Resources Ltd. ("Rainee"), in exchange for the issuance to Mr. Dennis Dennis is a male first name derived from the Greco-Roman name Dionysius meaning "servant of Dionysus", the Thracian god of wine, which is ultimately derived from the Greek Dios (Διος, "of Zeus") combined with Nysos or Nysa (Νυσα), where the Laviolette Laviolette can refer to: Places
As a consequence of the Major Transaction, Rainee has become a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Corporation and Mr. Dennis Laviolette and 495935 Alberta Ltd., having acquired respectively 3,180,000 and 2,820,000 common shares in the capital of the Corporation, have each become control persons of the Corporation. As part of the Major Transaction, the Corporation also reversed various previously announced transactions (the "Easy Street Transactions") between the Corporation and 554485 Alberta Inc., a private Alberta corporation, controlled by Daniel Van Leeuwen, a past director of the Corporation. As part of this reversal, 554485 Alberta Inc. has surrendered for cancellation 750,000 common shares of the Corporation as a gift back to the Corporation. In conjunction with the Major Transaction, Mr. Dennis J. Laviolette and 495935 Alberta Ltd. which is controlled by Mr. Gerald Leeb, acquired an aggregate of 1,600,000 additional common shares of the Corporation at a deemed price of $0.08 per share from the previous management of the Corporation. Respectively, Mr. Dennis J. Laviolette and 495935 Alberta Ltd. now hold a total of 4,028,000 and 3,572,000 common shares of the Corporation, representing approximately 42% and 37% of the total issued and outstanding shares of the Corporation. The Major Transaction and the acquisition of the further 1,600,000 common shares by Mr. Dennis J. Laviolette and 495935 Alberta Ltd. has resulted in a change of control and is expected to result in a change of management of the Corporation. The following individuals comprise the Corporation's new board of directors. - Brad Janzen of Calgary, Alberta, will continue as a director of the Corporation. Mr. Janzen is President of Janzen Consulting Inc. and a director of Easy Street Adventures Inc. and has a background involving employment as a senior analyst and accountant in the oil and gas industry. - Mr. Gerald Leeb of Calgary, Alberta, is a newly elected director of the Corporation and was a co-founder of Rainee and is the current President of Rainee. Mr. Leeb was previously involved in the manufacture of oil field tools and equipment. - Mr. Dennis J. Laviolette of Calgary, Alberta, is also a newly elected director of the Corporation and a co-founder of Rainee. Mr. Laviolette has an engineering background and currently serves as Chairman and Chief Executive Officer of Rainee. - Dean Curtis of Calgary, Alberta continues as a director of the Corporation. Mr. Curtis has an academic background in both business and law and practised practised Adjective expert or skilled because of long experience in a skill or field: the doctor answered with a practised smoothness Adj. 1. law in Calgary from July, 1989 to November, 1990. Mr. Curtis is now a financial analyst with Cavendish Investing Ltd. and a director of AVVA Technologies Ltd. - Peter Burns Peter Burns (born 5 January 1866; died 11 October 1952) was an Australian rules footballer in the (then) Victorian Football Association (VFA) and Victorian Football League (VFL). Burns was a tall ruckman and full-back who became the game’s first superstar in Victoria. of Calgary, Alberta, is a newly elected director. Mr. Burns was previously a land manager with Corexcana Ltd. and Corexcana Inc. from January 1989 to October, 1992. Mr. Burns currently serves as President of T.P. Burns Land Services Ltd., a private corporation providing land brokerage services to the petroleum industry. - Anthony C.C. Hedge of Calgary, Alberta is a newly elected director who has been self-employed as a financial consultant since October, 1986. - Terry Richardson For other persons of the same name, see Terry Richardson (ice hockey). Terry Richardson (born 1965) is an American photographer. Richardson was born in New York City, raised in Hollywood, California, and is the son of fashion photographer Bob Richardson. of Calgary, Alberta is also a newly elected director. Since 1983, Mr. Richardson has served as President of Richardson Transport Ltd., a private Alberta corporation. The board of directors intends to meet in the near future to appoint the officers of the Corporation. It is anticipated that Dennis J. Laviolette will be appointed the Chairman of the Corporation and Gerald Leeb will be appointed President. The minority shareholders of the Corporation approved the Major Transaction at an annual and special general meeting of shareholders held on December 29, 1994. The shareholders also approved the change of name of the Corporation to "Rainee Resources Ltd." The Corporation anticipates obtaining a new stock trading symbol Trading symbol See: Ticker symbol in conjunction with the change of name. -0- NOTE TO EDITORS: THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN. CONTACT: Mr. Dennis J. Laviolette or Mr. Gerald Leeb 1219-14th Avenue SW Calgary, AB T3C 3W5 (403) 245-9778 (403) 245-8609 (FAX) |
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