Sovereign Chief Ventures Ltd.
TSX VENTURE : SCV

April 11, 2006 08:25 ET

Sovereign Acquires Saxon Oil

DALLAS--(CCNMatthews - Apr 11, 2006) -

Sovereign Chief Ventures Ltd. (TSX VENTURE:SCV) has acquired Saxon Oil Company through its wholly owned subsidiary, Sovereign Resources, Inc. Shareholders approved the acquisition at the Company's annual meeting held yesterday in Vancouver, B.C.

Shareholders also passed a special resolution changing the name from Sovereign Chief Ventures Ltd. to Saxon Oil Company Ltd. Along with the name change, Sovereign Chief Ventures Ltd. will change its trading symbol from "SCV" to "SXN." Due to market timing and other security exchange issues, the change in trading symbols will take several days to complete.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy accuracy of this news release.

Contact Information

  • Sovereign Chief Ventures Ltd.
    Sioux Sinnott, 214-234-0552