From: newsout@canada-stockwatch.com
Date: Mon, 04 May 1998 14:21:23 -0700
Subject: Stockwatch: Consolidated Magna Ventures Ltd - Private Placement
To: ajanko@erinet.com
2,997,668 special warrants at 30 cents
Consolidated Magna Ventures Ltd CMV
Shares issued 20,187,176 May 1 close $0.37
Mon 4 May 98 Private Placement
The VSE has accepted for filing a non-brokered private placement of
2,997,668 special warrants at 30 cents. Each special warrant is
exchangeable, for no additional consideration, into one share and one
warrant to purchase an additional share at 35 cents in the first year and
at 50 cents in the second.
Placees: Amethyst International Marketing (Charles D. Jensen)
500,000; Atlas Securities Ltd. (Standard Private Trust)
323,500; Bradley T. Aelicks 330,000; and 17 others
Finders' fees: Wolverton Securities 69,500 shares; C.M. Oliver & Co
33,000 shares; and Pacific International Securities
20,000 shares
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