PGM Ventures Corporation

PGM Ventures Corporation

March 16, 2005 16:03 ET

PGM Ventures Corporation: Baybak Options and Exercising Warrants


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PGM VENTURES CORPORATION

TSX VENTURE SYMBOL: PPG

MARCH 16, 2005 - 16:03 ET

PGM Ventures Corporation: Baybak Options and
Exercising Warrants

TORONTO, ONTARIO--(CCNMatthews - March 16, 2005) - PGM Ventures
Corporation (TSX VENTURE:PPG) - PGM Ventures Corporation ("PGM") states
that 503,041 warrants, out of a possible 540,541, were exercised on
March 14, 2005 at a price of $0.45 for a realized sum of approximately
$226,000. PGM also announces that it has entered into an investor
communications agreement with Michael Baybak and Company Inc. By this
agreement, Michael Baybak and Company Inc. were awarded a stock option
of 300,000 shares at a price of $0.87 per share. The agreement is
subject to regulatory approval.

This press release includes certain "Forward-Looking Statements" within
the meaning of the US Private Securities Reform Act of 1995. Other than
statements of historical fact, all statements are "Forward-Looking
Statements" that involve such various known and unknown risks,
uncertainties and other factors. There can be no assurance that such
statements will prove accurate. Results and future events could differ
materially from those anticipated in such statements. Readers of this
press release are cautioned not to place undue reliance on these
"Forward-Looking Statements". All dollar amounts are Canadian dollars
unless otherwise noted.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    PGM Ventures Corporation
    Peter Miller
    (416) 815-8666
    www.pgm-ventures.com
    The TSX Venture Exchange Inc. has neither approved nor disapproved the
    information herein contained.