China Ventures Inc. Complete Private Placement.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 3, 2003 China Ventures Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CHV CHV canine herpesvirus. ) is pleased to announce that it has completed the following private placements: 1. 2,727,272 common shares were issued at a price of 11 cents per common share. The shares were purchased by Chinese investors and have a hold period expiring on May 21, 2003. 2. 1,000,000 common shares were issued at a price of 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 a company associated with the President of the company, Ronald Shon. The shares are subject to a hold period, which expires on May 27, 2003. 3. 200,000 common shares were issued to settle an outstanding debt. The 200,000 common shares are subject to a hold period, which expires on May 21, 2003. 4. 2,500,000 common shares were issued to settle an outstanding debt of $275,000. These shares were issued at 11 cents per share and have a hold period expiring on May 27, 2003. C.F. Zhou, Chairman said "The investment of $300,000 by the Chinese investors is very significant for our company. To date the vast majority of funds invested in the company has been from North American investors. This is the first significant investment by Chinese investors. As our business grows and as we develop a meaningful presence in the educational products distribution business, I am confident that we will be able to tap the very large and rapidly expanding pool of capital in Greater China." 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 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 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. does not accept responsibility for the adequacy of this release. |
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