Madalena Ventures Inc.
CNQ : MAVI

Madalena Ventures Inc.

January 30, 2007 09:29 ET

Madalena Ventures Inc. Receives Conditional Listing Approval on the TSX Venture Exchange

CALGARY, ALBERTA--(CCNMatthews - Jan. 30, 2007) -

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Madalena Ventures Inc. ("Madalena" or the "Company") (CNQ:MAVI) is pleased to announce that it has been conditionally accepted by the TSX Venture Exchange (the "Exchange") as a Tier II, oil and gas issuer, conditional upon the Company filing with the Exchange and on SEDAR a final listing application, and subject to certain other customary conditions. The Company is proceeding to file all required documentation with the Exchange and anticipates that the common shares of the Company will be listed and posted for trading on the Exchange under the trading symbol MVN within the next two weeks. The Company will issue a further press release immediately prior to the listing of the common shares.

Forward-Looking Statements

Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks, industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources, as well as risks inherent in operating in foreign jurisdictions, including varying judicial or administrative guidance on interpreting rules and regulations and a higher degree of discretion on the part of governmental authorities. Actual results, performance or achievement could differ materially from those expressed in or implied by these forward-looking statements.

The TSX Venture Exchange, Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Madalena Ventures Inc.
    Ken Broadhurst
    President and Chief Executive Officer
    (403) 233-8010
    or
    Madalena Ventures Inc.
    Greg Ford
    Vice President Finance and Chief Financial Officer
    (403) 233-8010
    (403) 233-8013 (FAX)