CBN Press Release.........
CONSOLIDATED BRADBURY INTERNATIONAL EQUITIES LTD. ("CBN-V") -
Closing of $100,000 Private Placement
Harvey Keats, President of Consolidated Bradbury International Equities Ltd. (the
"Company") wishes to announce the closing of its private placement totalling $100,000.
These funds were raised by the Company issuing 1,000,000 units at a price of $0.10 per
unit. Each unit is comprised of one common share and one non-transferrable share
purchase warrant entitling the holder to purchase one additional common share of
Consolidated Bradbury at a price of $0.12 per share until August 13, 2001 and $0.12
per share until August 13, 2002. The shares, and any shares to be issued upon the
exercise of the warrants, are subject to a hold period expiring December 13, 2000.
The funds raised by way of this private placement will be used by the Company to earn
its working interest in Tri-Valley Oil and Gas Co.'s (TRIL) EKHO Project, to settle
outstanding payables and for general working capital purposes.
The Company further announces, pursuant to section 111 of the Securities Act (British
Columbia), that one of the placees namely Colin Watt ('the Purchaser'), has acquired,
through a wholly owned company, a total of 500,000 units of the private placement.
These shares together with the Purchaser's current holdings of 551,000 common shares,
represents 15.2% of the issued and outstanding shares of the Company. The units were
acquired by the Purchaser for investment purposes only. TEL: (604) 684-6535 Harvey
Keats, President FAX: (604) 602-9311 Consolidated Bradbury International Equities
TEL: 1-877-778-EKHO E-mail: bradbury@bed-rock.com Internet:
www.ekhoproject.com