CDG Investments Inc.
OTC Bulletin Board : CDGEF

CDG Investments Inc.

October 14, 2005 16:52 ET

CDG Investments Inc. Announces Dividend

CALGARY, ALBERTA--(CCNMatthews - Oct. 14, 2005) - CDG Investments Inc. (CNQ:CDGI) (OTCBB:CDGEF) ("CDG") announces that it will seek to distribute substantially all of its shareholdings in Manson Creek Resources Ltd. ("Manson Creek"-MCK-TSX-V) and Northern Abitibi Mining Corp. ("Northern Abitibi"-NAI-TSX-V) to its shareholders by way of a dividend along with a cash dividend of $0.01 per common share of CDG.

CDG will distribute up to 5,354,190 common shares of Manson Creek representing one share of Manson Creek for each 7.7 CDG common shares ("CDG Shares") owned. CDG will also distribute up to 7,495,866 common shares of Northern Abitibi representing one share of Northern Abitibi for each 5.5 CDG Shares. In addition, a cash dividend will be paid in the amount of $0.01 per share. For US shareholders the cash dividend will be applied to any requisite withholding tax payable on the dividend.

The record date for this transaction has been set as November 16, 2005 and the effective date will be November 30, 2005.

As part of an ongoing effort to rationalize and diversify its assets, the Board of Directors concluded that this distribution is in the best interests of CDG shareholders. Although each company has interests in properties of merit, the value of CDG's holdings in these companies does not appear to be reflected in the share price of CDG, nor is it likely that any potential future increases would be adequately reflected in the share price of CDG.

"James Devonshire"

James Devonshire

This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities, or a solicitation of proxies, in any jurisdiction, including but not limited to, the United States. The CDG Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of CDG's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of CDG. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause CDG's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in CDG's filings with the Canadian securities authorities. Accordingly, holders of CDG shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. CDG disclaims any responsibility to update these forward-looking statements.

No Canadian Stock Exchange has approved nor disapproved of the information contained herein.

Contact Information

  • CDG Investments Inc.
    James Devonshire
    (403) 233-7898
    (403) 266-2606 (FAX)
    CDG Investments Inc.
    Suite 500, 926-5th Avenue S.W.
    Calgary, Alberta, T2P 0N7