Vensearch Capital Corp.

January 11, 2005 16:58 ET

Vensearch Capital Corp.: Press Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: VENSEARCH CAPITAL CORP.

TSX VENTURE SYMBOL: VNS.P

JANUARY 11, 2005 - 16:58 ET

Vensearch Capital Corp.: Press Release

TORONTO, ONTARIO--(CCNMatthews - Jan. 11, 2005) - G. Scott Paterson, CEO
of Paterson Partners Inc., 161 Bay Street, Suite 3840, P.O. Box 214,
Toronto, Ontario, M5J 2S1, announces that he has acquired ownership of
96,000 common shares in the capital of Vensearch Capital Corp. (the
"Corporation") (TSX Venture: VNS.P) over the facilities of the TSX
Venture Exchange Inc. (the "Acquisition") which, Mr. Paterson has
advised, he holds for investment purposes.

Upon completion of the Acquisition, Mr. Paterson owns an aggregate of
1,946,000 common shares of the Corporation, representing approximately
20.1% of the issued and outstanding common shares of the Corporation.

Mr. Paterson does not currently own, nor does he currently have any
rights to acquire, any other securities of the Corporation. Mr. Paterson
has indicated he may, depending on market and other conditions, increase
or decrease his beneficial ownership, control or direction over the
common shares or other securities of the Corporation, through market
transactions, private agreements, treasury issuances or otherwise.

(Not for dissemination in the United States of America)

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Paterson Partners Inc.
    Jason Reid
    Chief Financial Officer
    (416) 368-0305
    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.