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Gold/Mining/Energy : Consolidated Venturex Holdings Ltd
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To: Alastair who wrote (9)12/21/1999 2:00:00 PM
From: Just G  Read Replies (1) of 20
 
Cons Venturex to sell up to 300,000 units privately

Consolidated Venturex Holdings Ltd CVA
Shares issued 6,970,936 Dec 20 close $0.27
Tue 21 Dec 99 News Release
Mr. Daniel Evans reports
Consolidated Venturex has negotiated, subject to regulatory acceptance, a
private placement of up to 300,000 units at a price of 69 cents per unit.
Each unit will consist of three common shares (consisting of two
flow-through shares and one non-flow-through share) and three share
purchase warrants. Every three share purchase warrants will entitle the
holder thereof to purchase two additional common flow-through shares and
one non-flow-through share for a period of two years from closing at a
price of 69 cents per share if exercised in the first year or at a price of
79 cents per share if exercised in the second year. There is no finder's
fee payable in connection with this proposed transaction. The proceeds will
be used for the continued development of the company's properties and for
general working capital purposes.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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