Madison Venture Corporation

November 03, 2011 17:58 ET

Madison Venture Announces Acquisition of Shares of Madison Pacific Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2011) - Madison Venture Corporation ("MVC" or the "Company") reported that it had acquired a total of 2,730,438 Class C Shares of Madison Pacific Properties Inc. ("MadPac") at an aggregate purchase price of $5,979,659. The purchase was carried out by way of private transaction.

Following the transaction, MVC owns approximately 21.1% of the Class B Shares and 38.9% of the Class C Shares of MadPac. MVC acquired the shares for investment purposes. The shares were acquired pursuant to the private agreement exemption from one person for consideration that was less than the market price of the shares.

For further information, or to obtain a copy of the acquisition report filed under securities legislation, please contact Bruce Aunger.

Contact Information

  • Bruce Aunger
    (604) 708-3283