Consolidated Venturex Increases Non-Brokered Private Placement Offering
February 8, 2007
West Vancouver, British Columbia – February 8, 2007 – In its news release dated February 5, 2007, Consolidated Venturex Holdings Ltd. (the “Company”) announced that it intended to proceed with a non-brokered private placement to raise up to $300,000 by the issuance of 3,000,000 non-flow through units at $0.10 per unit. The Company has since decided to increase the size of its private placement offering. Specifically, the Company announces that, subject to regulatory approval, it intends to raise an aggregate of up to $700,000 by the issuance of 6,000,000 non-flow through units at $0.10 per unit (the “Non FT Units”) and 1,000,000 flow through units at $0.10 per unit (the “FT Units”). Each Non FT Unit will consist of one common share and one warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.125 for a period of two years from the closing date. Each FT Unit will consist of one flow through common share and one-half of a warrant, with each whole warrant entitling the holder to purchase an additional common share at a price of $0.125 for a period of two years from the closing date.
With respect to this private placement, the Company will pay a finder’s fee (commission) in the amount of 7% of the FT Units and Non FT Units sold (payable in cash or Non FT Units at a deemed price of $0.10 per Unit) and issue warrants entitling the holder to purchase that number of common shares as is equal to 10% of the number of FT Units and Non FT Units purchased by subscribers introduced to the Company by such finders.
The proceeds from this private placement will be used for exploration and development of the Company’s properties and for general working capital purposes.
For further information, contact Mr. Clive Shallow, investor communication, at 604-922-2030 or visit the Company’s website at www.consolidatedventurex.com
Consolidated Venturex Holdings Ltd.
“Douglas L. Mason”
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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.
