MONTREAL, March 26, 2012 /CNW Telbec/ - Blue Note Mining Inc. (TSXV: BNT) ("Blue Note") is pleased to announce that GeoVenCap Inc. resumes trading today on the TSX Venture Exchange under symbol GOV following completion of the previously announced qualifying transaction.
Blue Note completed its spinoff transaction with GeoVenCap on March 21, 2012 upon which Blue Note sold all of its New Brunswick mineral properties to GeoVenCap for a sale price of $7,946,438 representing the book value of the properties payable in 11,120,000 common shares and 4,772,876 special warrants of GeoVenCap at a deemed value of
.50 per share.
For more information on the transaction, visit GeoVenCap's website at www.geovencap.com and see Blue Note's press releases of January 10, January 20, March 5 and March 22, 2012.