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Gold/Mining/Energy : Consolidated Magna Ventures (CMV.V)
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To: Jimsy who wrote (372)3/10/2000 7:02:00 AM
From: jerry janko  Read Replies (2) of 380
 
Cons Magna arranges financing; no material changes

Consolidated Magna Ventures Ltd CMV
Shares issued 21,484,464 Mar 8 close $0.17
Thu 9 Mar 2000 News Release
Mr. Robert Archer reports
Subject to regulatory approval, a non-brokered private placement consisting
of four million units has been arranged for the company. Each unit will
consist of one share at 15 cents plus one-half of a warrant. A full warrant
will entitle the shareholder to purchase one share of the company at a
price of 17 cents for a period of one year from the issuance date. Proceeds
of the placement will be used for general working capital.
There are no other material changes in the company at this time which would
account for today's run-up in trading activity and price in the company's
shares.
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