Consolidated Venturex Announces Non-Brokered Private Placement
July 20, 2006
WEST VANCOUVER, BRITISH COLUMBIA – July 20, 2006 - Consolidated Venturex Holdings Ltd. (the “Company”) announces that, subject to regulatory approval, it intends to proceed with a non-brokered private placement of up to 3,000,000 non flow through units (the “Units”) at a price of $0.13 per Unit to raise up to $390,000. Each Unit will consist of one common share and one half of a share purchase warrant (each whole share purchase warrant, a “Warrant”). Each Warrant will be exercisable into one additional common share at a price of $0.17 for a period of one year from the closing date. With respect to this private placement, the Company may pay a finder’s fee in the amount of 7% cash (or shares at a deemed price of $0.13 per share) and issue warrants entitling the holder to purchase that number of common shares as is equal to 10% of the number of Units purchased by subscribers introduced to the Company by such finders. Each warrant issued to a finder will entitle the finder to purchase a common share at $0.17 for a period of one year from the closing date. Proceeds from the private placement will be used for working capital purposes and for exploration and development of the Company’s optioned “LJ Property” which is located 35 Km north of Revelstoke, British Columbia.
The Company is in the business of exploration and development of natural resource properties.
Consolidated Venturex Holdings Ltd.
Signed “Douglas L. Mason”
Douglas L. Mason, Chairman
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.
