Consolidated Magna Ventures (CMV.V) Message Board

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Gold/Mining/Energy : Consolidated Magna Ventures (CMV.V)

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To: jerry janko who wrote ()	12/3/1999 8:17:00 AM
From: jerry janko	Read Replies (1) of 380

Early Christmas present I didn't count on: ARGGGGGGGGG!!!!!!!!! Cons Magna howls at lost CoyoteNet merger Consolidated Magna Ventures Ltd CMV Shares issued 21,484,464 Nov 30 close $0.06 Thu 2 Dec 99 News Release Mr. Robert Archer reports The company has been informed that the board of directors of CoyoteNet Inc., in preparation for its annual general meeting, has voted that the proposed amalgamation of CoyoteNet with Magna is no longer in the best interests of its shareholders and so has terminated all further negotiations. Magna announced in Stockwatch June 15, 1999, that the company had entered into an option to amalgamate with CoyoteNet and on Nov. 17, Magna shareholders voted in favour of the amalgamation. Magna's board of directors is obviously disappointed with this outcome but will continue to seek other growth opportunities for the company. WARNING: The company relies upon litigation protection for "forward-looking" statements.

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