Royal Oak Ventures Inc.

May 18, 2006 13:38 ET

Royal Oak Ventures Inc. Responds to Shareholder Inquiries

CALGARY, ALBERTA--(CCNMatthews - May 18, 2006) - Royal Oak Ventures Inc., in response to shareholder inquiries on its holdings in the gold mining sector, reported today that it no longer has an interest in the Kemess Mine nor any assets or securities in the gold mining sector, following the prior sales of these interests. Royal Oak Mines common shares were de-listed from the TSX on April 27, 2000 and from AMEX on March 12, 1999. Royal Oak Mines common shares will be consolidated on a 100 for 1 basis into common shares of Royal Oak Ventures upon revocation of the cease trade order against the company.

Royal Oak Ventures is currently working with Canadian Regulators to bring its statutory filings into good standing and have the cease trade order revoked.

Royal Oak Ventures is a Western Canadian based financial and investment company that provides mezzanine bridge loan financings to mid-market companies in Canada who are in need of quick access to short-term financing.

Contact Information

  • Royal Oak Ventures Inc.
    Jim Reid
    Chief Financial Officer
    (403) 663-3232