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C Level Bio International Holding Inc. announces conditional exchange approval and the filing on SEDAR of its Filing Statement required to proceed with the contemplated acquisition of Nevada Exploration Inc.
C Level Bio International Holding Inc. announces conditional exchange approval and the filing on SEDAR of its Filing Statement required to proceed with the contemplated acquisition of Nevada Exploration Inc..
About this update from Urz3 Energy Corp.
[{"type":"text","content":"\n\n\n\nMONTREAL, Feb. 16 /CNW Telbec/ - Further to its news release of\nJanuary 26, 2007, C Level Bio International Holding Inc. (TSXV-CLV.P)\n(\"C Level\"), a Capital Pool Company, in accordance with the policies of the\nTSX Venture Exchange Inc. (the \"Exchange\"), is pleased to announce that the\nExchange has conditionally approved the qualifying transaction described in\nthe previous press releases issued by C Level regarding the acquisition of all\nthe issued and outstanding shares of Nevada Exploration Inc. (\"Nevada\") and\nthat C Level proceeded today with the filing of its Filing Statement, through\nSEDAR, in accordance with the applicable policies of the Exchange. The filing\nstatement is available to the public through the Exchange and SEDAR at the\nfollowing address: www.sedar.com.\n\n\nC Level and Nevada intend to proceed to the closing of the qualifying\ntransaction and the pre-announced brokered private placement of Nevada by way\nof subscription receipts described in C Level's filing statement for gross\nproceeds of $2,000,000 on or about February 27, 2007.\n\n\nAbout Nevada Exploration Inc.\n\n\nNevada Exploration Inc. is a Toronto-based junior exploration company,\nconstituted under the laws of the Province of Ontario, focused, through its\nwholly-owned Nevada incorporated subsidiary Pediment Gold LLC, on gold\nexploration in Nevada. It has 100% ownership interest in two exploration\nproperties in Nevada's major gold trends: the Fletcher Junction Property and\nthe Hot Pot Property, and is led by a highly experienced management team.\n\n\nOther Information\n\n\nCompletion of the Proposed Qualifying Transaction is subject to a number\nof conditions, including but not limited to the satisfaction of the minimum\nlisting requirements of the Exchange and acceptance of the Proposed Qualifying\nTransaction as C Level's qualifying transaction pursuant to its Policies and\nany other required approvals or consents. There can be no assurance that the\nProposed Qualifying Transaction will be completed as proposed or at all. The\nExchange has in no way passed upon the merits of the Proposed Qualifying\nTransaction and does not accept responsibility for the adequacy or accuracy of\nthis press release.\n\n\nThe prospectus of C Level Bio International Holding Inc. can be consulted\non SEDAR's website at the address: http://www...