Bonaventure Enterprises Inc.
TSX VENTURE : BVT
FRANKFURT : YQG

January 17, 2011 14:58 ET

Bonaventure Enterprises Inc.: Proposed Consolidation and Name Change

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2011) - BONAVENTURE ENTERPRISES INC. ("Bonaventure" or "the Company") (TSX VENTURE:BVT)(FRANKFURT:YQG) announces that it intends to seek shareholder approval at its Annual General Meeting scheduled to be held on February 15, 2011 to a proposed consolidation of its share capital on 10 old shares for one new share basis, or such lesser whole number of pre-consolidated shares that the directors in their discretion may determine, to be implemented by the Company's Board of Directors in its discretion within six months of receipt of shareholder approval, subject also to receipt of regulatory acceptance. The Company also proposes changing its name to Iconic Minerals Ltd., or such other name as may be approved by the regulatory authorities. The Company will to disseminate a further News Release in regard to the consolidation and name change prior to effecting the same.

On behalf of the Board of Directors

Basil Pantages, Chairman

For further information on the Company, please visit our website at www.bonaventure.us. The Company's public documents may be accessed at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Bonaventure Enterprises Inc.
    Basil Pantages
    Chairman
    (604) 718-2800
    (604) 718-2808 (FAX)
    www.bonaventure.us