Consolidated Venturex and Yanks Peak Resources: Alberta Diamond Property Acquisition.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--April 14, 1998-- Consolidated Venture(VSE See DOS/VSE. VSE - Virtual Storage Extended :CVA CVA abbr. cerebrovascular accident CVA, n See accident, cerebrovascular. CVA cerebrovascular accident. CVA Cerebrovascular accident, see there .) Yanks Peak Resources(VSE:YPR YPR Yards Per Rush (football) YPR Yellowstone Public Radio YPR Yaw, Pitch, and Roll YPR Prince Rupert /Prince Rupert, British Columbia, Canada - Digby Island (Airport Code) YPR Yellow Pages Research .) Consolidated Venturex - Yanks Peak Consolidated Venturex Holdings Ltd. ("Venturex") and Yanks Peak Resources Ltd. ("YPR") announce that they have entered into an agreement to purchase, each as to a 50 percent interest, certain metallic and industrial mineral permits submitted to Alberta Energy from Raynard William Howarth William Howarth is an American writer and professor of environmental literature and history at Princeton University. He has published thirteen books and also written for such national periodicals as National Geographic, Smithsonian, and The American Scholar. ("Howarth") for a total consideration of $17,230.03. Under the terms of the agreement, the purchase price consists of a one time cash payment of $1,250 payable by YPR and 22,919 common shares of Venturex and 50,000 common shares of YPR. Under the agreement, Howarth will retain a 2.5 percent net diamond royalty, and Venturex and YPR have the right to purchase 1 percent of the diamond royalty for $1,000,000. Consolidated Venturex - Columbia Yukon Venturex also reports that they and Columbia Yukon Resources Ltd. ("CYR CYR Colonia, Uruguay (Airport Code) ") have entered into an agreement to purchase, each as to a 50 percent interest, certain metallic and industrial mineral permits submitted to Alberta Energy also from Raynard William Howarth ("Howarth") for a total consideration of $67,000. Under the terms of the agreement, the purchase price consists of a one time cash payment of $10,000 payable by CYR and an aggregate of 100,000 common shares of Venturex and 100,000 common shares of CYR. Under the agreement, Howarth will retain a 2.5 percent net diamond royalty, and Venturex and CYR have the right to purchase 1 percent of the diamond royalty for $1,000,000. Both transactions are subject to regulatory acceptance. -0- On Behalf of the Board of Directors of Consolidated Venturex Holdings DOUGLAS L. MASON, DIRECTOR On Behalf of the Board of Directors of Yanks Peak Resources Ltd. DANIEL B. EVANS Ev·ans , Herbert McLean 1882-1971. American anatomist who isolated four pituitary hormones and discovered vitamin E (1922). , DIRECTOR Neither 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). nor any other regulatory body has reviewed this news release and therefore do not accept responsibility for the adequacy or accuracy of this release. CONTACT: Consolidated Venturex Holdings Ltd. Douglas L. Mason, 604/683-3070 604/683-2308 (FAX) or Yanks Peak Resources Ltd. Daniel B. Evans, 604/681-5939 604/683-2308 (FAX) |
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