Avalanche Capital Venture: the Company's common shares commence trading on Alberta Stock Exchange.MONTREAL--(BUSINESS WIRE)--Nov. 1, 1996--AVALANCHE CAP. VENTURE (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). VAL 1. VAL - Value-oriented Algorithmic Language. J.B. Dennis, MIT 1979. Single assignment language, designed for MIT dataflow machine. Based on CLU, has iteration and error handling, lacking in recursion and I/O. "A Value- Oriented Algorithmic Language", W.B. .) Avalanche avalanche, rapidly descending large mass of snow, ice, soil, rock, or mixtures of these materials, sliding or falling in response to the force of gravity. Avalanches, which are natural forms of erosion and often seasonal, are usually classified by their content such Capital Venture Inc. (the "Company"), a Junior Capital Pool Corporation, announces that the Company's common shares will commence trading on the Alberta Stock Exchange at the opening of business on Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant , November 1st 1996. On October 17, 1996, the Company has completed its initial public offering, through Whalen, Beliveau and Associates Inc., for 2,000,000 common shares, at an offering price of CAN $0.10 per common share, the whole pursuant to a prospectus filed with the Alberta Securities Commission. Following the public offering, 5,150,000 common shares of the Company are issued and outstanding. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the public offering, together with the net proceeds received by the Corporation from prior sales, approximately $415,000, will be used to provide to the Company a minimum of funds with which to identify and evaluate properties and businesses in Canada and to apply the expenses incurred pursuant to the public offering. -0- The Alberta Stock Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release. CONTACT: Avalanche Capital Venture Inc. Pierre-Hubert Seguin, 514/253-6548 |
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