Madison Venture Corporation

July 06, 2005 17:35 ET

Madison Venture Corporation Acquires Shares of Glacier Ventures International Corp.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 6, 2005) - Madison Venture Corporation ("Madison Venture") wishes to announce that it has acquired 5,768,225 Common Shares of Glacier Ventures International Corp. ("Glacier") pursuant to the terms of a purchase agreement between Madison Venture, Glacier and others whereby Glacier has acquired Madison Venture's interests in the Madison Publishing group of businesses. The Common Shares were issued at a price of $2.25 per Common Share. Madison Venture and its affiliates at present own 14,984,221 Common Shares of Glacier, which represents approximately 36.4% of the outstanding Common Shares of Glacier, and own 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.



Contact Information

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