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Cavern Resources Inc. announces sale of common shares.


CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--Dec. 30, 1996--Cavern Resources Inc. (the "Corporation") hereby announces that, on December December: see month.  30, 1996, Jeffrey Tonken sold 840,000 common shares of the Corporation to Mill Bay Investments Ltd. for a total purchase price of $5,000.

As a result of this transaction, Mill Bay Investments Ltd. holds a total of 840,000 common shares of the Corporation representing approximately ap·prox·i·mate  
adj.
1. Almost exact or correct: the approximate time of the accident.

2.
 38.4 percent of the issued and outstanding common shares of the Corporation and Jeffrey Tonken holds 10,000 common shares of the Corporation.

CONTACT: Cavern Resources Inc.

David Tonken, 403/ 205-3822
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 30, 1996
Words:96
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