Post by
Ular1967 on Jun 05, 2009 11:43am
June 2nd release from Infomine
AKA Ventures Inc.
Unit 12 1480 Foster Street, White Rock, British Columbia, Canada, V4B 3X7
Ph. 604 542 4950 Fax 604 542 4251 Email AKAVentures@telus.net
News Release
June 2, 2009
AKA Ventures Inc.
Mr. Albert Gerry reports:
AKA announces that it is continuing its efforts to complete the non brokered private placement to raise up to $150,000, originally announced on March 12. The private placement will consist of up to 3 million units at a price of $0.05 per unit. A unit consists of one common share and one-half of one share purchase warrant. One whole warrant will entitle the holder to purchase one additional common share at a price of $0.10 per share for a period of one year. Finder’s fees in accordance to TSX-V policies may be payable in connection with the private placement. The private placement is subject to TSX-V acceptance. The funds will be used for general corporate purposes.
AKA also announces that it will not proceed with the proposed acquisition of an interest in the Steen River oil and gas project announced on March 12. The board has decided that the project was not suitable for the Company at this time based on the results of its due diligence investigations on the project. AKA continues to investigate new mineral exploration projects for possible acquisition and further announcements will be made when such projects have been identified.
“Albert Gerry”
President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accept responsibility for the adequacy or accuracy of this News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.
The release includes forward-looking statements that involve known and unknown risks, uncertainties, and other factors such as commodity prices, exploration success, continue availability of venture capital, and general market conditions. These risk factors may materially affect the status and success of the Company.