Big Valley Resources Halt Trading Clarification.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Aug. 21, 1998-- Big Valley Res. Inc.(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :BV.) As stated in its August 19, 1998 news release, the Company's obligations with respect to the proposed wood manufacturing business and related financing agreement constitute a change of business under Alberta Stock Exchange policies. The policies governing gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. a change of business fall within the broader Alberta Stock Exchange policies governing reverse takeover A reverse takeover occurs when a publicly-traded smaller company acquires ownership of a larger company. It typically requires reorganization of capitalization of the acquiring company. transactions. Accordingly, the Company's halt trading status has been reported as "pending a reverse takeover". The Company reiterates its earlier announcement that trading in its shares will remain halted until such time as the Alberta Stock Exchange has reviewed and approved an information circular Information Circular A document sent to shareholders outlining important matters to be discussed at the annual shareholders' meeting. Notes: Sent along with a proxy, the information circular may cover matters such as the election of the Board of Directors, possible to be sent to all Company shareholders. The Company anticipates that trading will resume within two to three weeks as originally announced. ON BEHALF OF THE BOARD Lloyd Tattersall tat·ter·sall also Tat·ter·sall n. 1. A pattern of dark lines forming squares on a light background. 2. Cloth woven or printed with this pattern. adj. , President The Alberta Stock Exchange has neither approved or disapproved the information contained herein.
CONTACT: Big Valley Resources Inc.
Mr. Lloyd Tattersall, 250/ 243-2337
or
Big Valley Resources Inc.
Mr. John Enns, 888/677-9677
Internet: http://www.bigvalleyres.com
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