Blue Note's spinoff GeoVenCap resumes trading today on the TSX Venture Exchange under symbol GOV
March 26 2012 - 9:00AM
PR Newswire (Canada)
MONTREAL, March 26, 2012 /CNW Telbec/ - Blue Note Mining Inc.
("Blue Note") is pleased to announce that GeoVenCap Inc. resumes
trading today on the TSX Venture Exchange under symbol GOV
following completion of the previously announced qualifying
transaction. Blue Note completed its spinoff transaction with
GeoVenCap on March 21, 2012 upon which Blue Note sold all of its
New Brunswick mineral properties to GeoVenCap for a sale price of
$7,946,438 representing the book value of the properties payable in
11,120,000 common shares and 4,772,876 special warrants of
GeoVenCap at a deemed value of $0.50 per share. For more
information on the transaction, visit GeoVenCap's website at
www.geovencap.com and see Blue Note's press releases of January 10,
January 20, March 5 and March 22, 2012. About Blue Note Mining Blue
Note Mining is a mineral exploration and mining company
headquartered in Montreal with gold properties located in the
prolific Val d'Or region of Quebec. Blue Note also holds
significant positions in the share capital of Amex Exploration
(AMX.V) and GeoVenCap (GOV.V). Forward-Looking Statements. This
news release contains discussion of items that may constitute
forward-looking statements within the meaning of securities laws
that involve risks and uncertainties. Although the company believes
the expectations reflected in such forward-looking statements are
based on reasonable assumptions, it can give no assurances that its
expectations will be achieved. Factors that could cause actual
results to differ materially from expectations include the effects
of general economic conditions, actions by government authorities,
uncertainties associated with contract negotiations, additional
financing requirements, market acceptance of the Company's products
and competitive pressures. These factors and others are more fully
discussed in Company filings with Canadian securities regulatory
authorities. "Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release." BLUE NOTE MINING INC. CONTACT: Jean
MayerExecutive Vice President(514) 486-3095
x236jmayer@bluenotemining.cawww.bluenotemining.ca
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