Bonaventure Enterprises Acquires Silver Property in Yukon.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Bonaventure Enterprises Inc. ("Bonaventure" or the "Company") has entered into an agreement to acquire a 100% interest in the CMC (Common Messaging Calls) A programming interface specified by the XAPIA as the standard messaging API for X.400 and other messaging systems. CMC is intended to provide a common API for applications that want to become mail enabled. 1. Silver Property, Watson Lake Watson Lake, village (1991 pop. 912), SE Yukon Territory, Canada, near the Liard River and the British Columbia border. It is a Royal Canadian Mounted Police Post, with an airfield and a radio station, located near the Alaska Highway. Mining Division, Yukon Territories, consisting of 104 silver/quartz mineral claims & 12 Yukon fractions in good standing, six trailers, three cabins, several fuel tanks and a Quonset garage, subject to acceptance for filing by the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . In consideration therefore, the Company has agreed to pay the Vendors Cdn$1,500,000, $750,000 of which may be paid, at the option of Bonaventure, by the issuance of common shares in the capital stock of the Company. The payments will be made in stages, the first of which will be Cdn$400,000 on receipt of regulatory approval, Cdn$366,666.66 within six months of regulatory approval, an additional $366,666.66 within 12 months of regulatory approval, and $366,666.66 within 18 months of regulatory approval. As a condition to closing, the Vendors are required to deliver to Bonaventure an independent evaluation of the Property prepared in accordance with National Instrument 43-101 which is acceptable to the Exchange, which will include a phased work program budget setting out an estimated expenditure of Cdn$1,000,000. The CMC Silver Property is located in the southern Yukon in a mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. area that in the past has been explored for tungsten and molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. , and more recently for high-grade silver. It is part of a mineral belt that extends southeast across the Yukon-B.C. border. Mineral reserves calculated in a 1987 report prepared for Silver Hart Mines Limited, after completion of an extensive work program from the spring of 1985 through November of 1986 by W.S. Read, B. Sc., P. Eng P. ENG Professional Engineer P. ENG process engineer . totaled 59,803 tons, averaging silver 40.23 oz/ton, with an indicated silver content of 2,406,760 ounces in the probable category. Additional new targets discovered have the potential to increase reserves. About Bonaventure Enterprises Inc. Bonaventure Enterprises Inc. is a Canadian based resource and exploration company traded publicly under the symbol BVT BVT Bouvet Island (ISO Country code) BVT Brevet BVT Bournville Village Trust (UK) BVT Build Verification Test (Software testing process) on the TSX-VE Exchange and BVTEF on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . The Company's mission is the discovery and development of economic, multi-million ounce gold & silver deposits through the exploration of high quality projects, located primarily in Nevada and Canada in areas of historically big discovery potential and low cost production. Bonaventure Enterprises Inc. has progressed from a prospecting syndicate to a technology solutions company to an exploration company with a substantial portfolio of exploration projects prospective for gold and silver. Bonaventure Enterprises Inc.'s website is www.bonaventure.us. For Investor information, please call (604) 718-2800, fax (604) 718-2808. ON BEHALF OF THE BOARD OF DIRECTORS "Basil Pantages" Basil Pantages, President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein. |
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