Avenue Converts Balance of Outstanding Debenture to Equity.TORONTO -- Avenue Financial Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AFC) is pleased to announce that the company has issued 23,887,200 shares at a deemed value of five cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. and 23,887,200 share purchase warrants entitling the holder to purchase one common share at a price of $0.10 per share for a two year period. to settle outstanding debt for $1,194,360. After conversion, AFC will have no long-term debt. General Business Update In light of the current challenges facing the alternative investment industry in 2005, AFC will be conducting rigorous due diligence meetings for the compliance, operations, and advisors at various IDA Ida (ē`dä), city (1990 pop. 91,859), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural market and railway junction. and MFDA MFDA Mutual Fund Dealers Association MFDA Michigan Funeral Directors Association MFDA Menomonee Falls Dart Association firms. Commented Robin Ross, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "Our mandate is to ensure that those responsible for recommending investment products to the end investor and those in charge of approving products for sale at the various firms are fully versed in both the Avenue corporate structure and AGAM AGAM Ambiente Gas Acqua Monza SpA (Italian) share structure. We want to be as transparent as possible regarding the treatment of investor capital and look forward to helping decision makers 'drill down' into our investment offerings." In addition AFC has plans on adding two new world-class investment products to its AGAM share offering. About Avenue Financial Corporation Avenue Financial Corporation is a TSX Venture listed company, which designs and administers world-renowned alternative investment products. Avenue's tax advantaged platform provides Canadian Investors access to the best alternative investment products in the world while investment returns compound tax-free. Access is provided through an investment in (Avenue Global Asset Management Inc. 'AGAM'). The Toronto Venture Exchange ("TSX-V") does not accept responsibility for the adequacy or accuracy of this press release. Avenue Financial Corporation (TSX VENTURE:AFC) |
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