Madison Venture Corporation

June 12, 2007 18:38 ET

Madison Venture Corporation Acquires Securities of Glacier Ventures International Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2007) - Madison Venture Corporation ("Madison Venture") wishes to announce that a special purpose investment entity controlled by Madison Venture has acquired 6,403,323 Common Shares of Glacier Ventures International Corp. ("Glacier") through a private transaction at a price of $3.65 per Common Share. Madison Venture and its affiliates own or control 30,549,299 Common Shares of Glacier, representing approximately 33% 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 W. Aunger at (604) 708-3283.



Contact Information

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