CONSOLIDATED EUROCAN VENTURES LTD. - ANNOUNCEMENT.VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 27, 1995-- CONSOLIDATED EUROCAN VENTURES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . ("Eurocan") is pleased to announce that it has concluded the sale of its interests in the Las Monas concession and the Tisquirama Association Contract (which contains the Santa Lucia This article is about the Neapolitan song. For places, see Santa Lucía. For other uses, see Saint Lucia (disambiguation). Not to be confused with Santa Lucia Luntana by E. A. Mario. field) located in the Middle Magdalena Valley of Colombia, as well as the overriding royalty interests overriding royalty interest A third-party interest in royalty income derived from oil and gas rights. in the Guajira gas fields of northern Colombia to PetroSantander Inc. of Calgary, Alberta. The total purchase price was approximately US$9.8 million, which included the assumption of all of the Company's existing bank indebtedness. The sale leaves the Company in a strong financial position, free of debt, and with cash of approximately Cdn$3 million. The Company has retained its interest in Block 66 in the Ene Basin, Peru, which is one of the largest unexplored basins in the world, its extensive oil and gas data base for Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. acquired over the last 10 years and its exploration offices in Bogota. The Company intends to aggressively pursue opportunities in the natural resource area. -0- The Toronto and Vancouver Stock Exchanges Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). have not reviewed and does not accept responsibility for the adequacy or accuracy of the content. CONTACT: Consolidated Eurocan Ventures Ltd., Vancouver Lukas H. Lundin President Telephone: (604) 689-7842 Telefax: (604) 689-4250 |
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