Consolidated Venturex Holdings -- company update.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , B.C.--(BUSINESS WIRE)--Sept. 1, 1995--Consolidated Venturex Holdings Ltd. (VcSE:CVA CVA abbr. cerebrovascular accident CVA, n See accident, cerebrovascular. CVA cerebrovascular accident. CVA Cerebrovascular accident, see there ) wishes to announce that Jordan Jordan, country, Asia Jordan, officially Hashemite Kingdom of Jordan, kingdom (2005 est. pop. 5,760,000), 35,637 sq mi (92,300 sq km), SW Asia. It borders on Israel and the West Bank in the west, on Syria in the north, on Iraq in the northeast, and on Saudi Ethans has resigned as president of the company to pursue other commitments. He will remain a director and consultant to the company. John R. Fraser Fraser, river, Canada Fraser, chief river of British Columbia, Canada, c.850 mi (1,370 km) long. It rises in the Rocky Mts., at Yellowhead Pass, near the British Columbia–Alta. line and flows northwest through the Rocky Mt. has also resigned as director of the company. Douglas L. Mason will assume the responsibility of president as well as chairman of the company. The company has negotiated a joint venture with Columbia Yukon Resources Ltd. to earn a 50 percent interest in approximately 400 claims in Labrador. The company will have to issue a total of 200,000 shares and spend an aggregate of $750,000 on the properties. This transaction is subject to regulatory approval. Further, the company has negotiated a private placement of 500,000 units at $1. Each unit will consist of one common share, and one flow-through common share and one one-year share purchase warrant, entitling the holder to purchase a further aggregate of 500,000 common shares of the company at $1. -0- NOTE: The Vancouver Stock Exchange 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). has neither approved nor disapproved the information contained herein. This news release has been prepared by management of the company who accept responsibility for its content. CONTACT: Consolidated Venturex Holdings Ltd., Vancouver Douglas L. Mason, 604/688-2280 |
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