Bonaventure Enterprises Inc.
TSX VENTURE : BVT
FRANKFURT : YQG

January 18, 2011 12:10 ET

Bonaventure Settles Debt by Issuing Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2011) - BONAVENTURE ENTERPRISES INC. ("Bonaventure" or "the Company") (TSX VENTURE:BVT)(FRANKFURT:YQG) announces that it has settled outstanding debts in the aggregate amount of Cdn$169,089.85 by the issuance of a total of 3,381,797 common shares (the "Debt Shares") at a deemed price of $0.05 per share. The debt settlement was accepted for filing by the TSX Venture Exchange on January 14, 2011, and accordingly on that date the Company issued the Debt Shares, which are subject to a hold period under applicable Canadian securities laws expiring May 18, 2011.

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