re: Eclipse Ventures..
2/16/00 -
Shareholder Approvals Sought For Name Change And Share
CONSOLIDATED MAGNA VENTURES LTD ("CMV-V;CMGVF-L") - Shareholder Approvals Sought For Name
Change And Share - Consolidation (If Necessary)
Robert Archer, President of Consolidated Magna Ventures Ltd., announces that at the upcoming Annual General
Meeting of the Company to be held on Thursday March 16, 2000, the shareholders will be asked to pass the following
special resolutions (a resolution passed by a majority of not less than 3/4 of the votes cast by the shareholders):
1. to approve the change of the Company's name to "Eclipse Ventures
Inc." or to such other name as may be acceptable to the Canadian
Venture Exchange and the Registrar of Companies;
2. to approve a consolidation ratio of up to 10:1, and a concurrent
increase in the authorized number of Common shares to
100,000,000 and to alter the Company's Memorandum to reflect the
foregoing:
I would also expect the company has heard from their shareholders regarding the consolidation and would probably due another Private Placement instead to raise some money.
Just my opinion,
Dacolts
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