Madison Venture Corporation

December 29, 2006 15:25 ET

Madison Venture Corporation Acquires Securities of Glacier Ventures International Corp.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 29, 2006) - Madison Venture Corporation ("Madison Venture") wishes to announce that it has acquired 2,456,143 Common Shares of Glacier Ventures International Corp. ("Glacier") through a private transaction at a price of $3.03 per Common Share. Madison Venture and its affiliates own 23,116,676 Common Shares of Glacier, representing approximately 25% of Glacier's outstanding Common Shares. Madison Venture also owns warrants to acquire an additional 1,115,000 Common Shares of Glacier. The Common Shares were acquired for investment purposes.

For further information, or a copy of the acquisition report filed under securities legislation, please contact Bruce Aunger at (604) 708-3283.


Bruce Aunger

Contact Information

  • Madison Venture Corporation
    Bruce Aunger
    (604) 708-3283