Canadian Crew - $18,130,000 in Private Placements for Venture Capital Opportunities Now Completed.VANCOUVER, British Columbia--(BUSINESS WIRE)--March 19, 1997--Canadian Crew Energy (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , VSE See DOS/VSE. VSE - Virtual Storage Extended : KNC KNC Knowledge Navigation Center KNC Kensey Nash Corporation KNC Kawan Ng Cordero (Philippines: Flock of Lamb) .) Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Crew Energy Corp. (Crew) is pleased to announced that the previously announced private placements have been completed and the reorganization of Crew as a venture capital company has commenced. To reflect the new corporate philosophy, the company's name has been changed to Crew Development Corporation and with effect from March 21, 1997, will trade on the stock exchanges under the symbol CRU. Now well funded, Crew is actively seeking to identify and invest in natural resource projects and emerging companies which have the potential to achieve outstanding capital growth. Investment will be diversified diversified (di·verˑ·s and world-wide, and the shareholders of Crew will have the advantage of capital growth opportunities, which early participation in natural resource developments create, while enjoying the liquidity of international stock exchange listings. John M. Darch, President This News Release was prepared by the Board of Directors on behalf of Canadian Crew Energy Corp. which is solely responsible for its contents. CONTACT: Canadian Crew Energy Corp. John M. Darch, 604/ 683-7585 or 1-800-444-9284 604/ 662-3180 (FAX) http://www.crewgroup.com info@crewgroup.com |
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