Augustine Venture Inc.

January 11, 2008 15:57 ET

Shareholder Confirms Acquisition of Shares of Augustine Ventures Inc.

TORONTO, ONTARIO--(Marketwire - Jan. 11, 2008) - 1485593 Ontario Inc. would like to announce that it has acquired, as at November 30, 2006, an aggregate 325,000 post consolidation common shares of Augustine Ventures Inc. (formerly Black Mountain Minerals Inc.) (the "Company").

Pursuant to the terms and conditions of debt conversion agreement among the Company and 1485593 Ontario Inc. dated August 1, 2006, the Company issued an aggregate of 325,000 post consolidation common shares to 1485593 Ontario Inc. for the cancellation of $65,000 in debt owing to 1485593 Ontario Inc. by the Company.

At the date of this release, 1485593 Ontario Inc. has no intention to increase its beneficial ownership, control or direction over securities of the Company. 1485593 Ontario Inc. has not acted jointly or in concert with any individual in connection with the acquisition of securities of the Company.

Contact Information

  • 1485593 Ontario Inc.
    (416) 504-7571