China Ventures Inc. Announces Proposed Issuance of Shares for Debt Settlement and Signing Bonus.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 17, 2003 China Ventures Inc. today announced that it proposes to issue 2,500,000 common shares at 11 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. to Mr. Zheng Ansheng, a Beijing resident to compensate him for foregone salary and bonuses in connection with work he has done for the company in the past two and a half years. Two hundred thousand common shares at 11 cents per share have also been proposed to be issued to Mr. Gary Gumley, who has recently joined the company as an educational products manager. These shares are proposed as a signing bonus. Ronald Shon, President said "I am very pleased to welcome Mr. Gumley as part of the team. He brings over twenty years of experience in the educational products area and I believe that his input in helping us select North American products for the China market will be invaluable." The proposed issuance is subject to the approval of 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. . About China Ventures Inc. The admission of China into the WTO See World Trade Organization. and the granting of the 2008 Olympic Games to Beijing have created a significant and growing demand for education, corporate training and extended learning in China. CHV CHV canine herpesvirus. is a Canadian-based company focused on providing these much needed educational solutions to various segments of the Chinese economy in an effort to assist in China's globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation and movement to an open market economy. CHV will continue to work with leading North American education providers and institutions to provide quality educational programs and course materials to its growing client base in China. About Today's Teachers Technology and Culture Ltd. (TTTC TTTC Test Technology Technical Committee (IEEE) TTTC The Tibetan Tea Company (band) TTTC Too Tough to Call TTTC Trees to the Curb (band) ) TTTC is a ten-year old educational product distribution company. Its product line includes books, software, audio and video materials, and educational training tools. This company develops teaching materials and textbooks based on the various research projects conducted by the Ministry of Education (MOE Moe continually exasperated at Larry and Curly for their mischievous pranks. [TV: “The Three Stooges” in Terrace, II, 366] See : Exasperation ) and works very closely with educational committees at the national, provincial and local levels which approve textbooks for use in the Chinese school system. To receive press releases by email please contact Kam Dhanjal at kam@humekieran.com. |
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