Artevo Corporation Announces Closing of Private Placement and Increase of Offering



    
    /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
    FOR DISSEMINATION IN THE UNITED STATES/
    

    CALGARY, June 4 /CNW/ - Artevo Corporation ("Artevo" or the
"Corporation") (TSX Venture: AEV) is pleased to announce that it has closed on
a portion of its previously announced private placement (the "Private
Placement") for aggregate gross proceeds of $360,000. Pursuant to the closing
of the Private Placement, the Corporation has issued 360,000 secured
debentures (the "Debentures") of the Corporation and 120,000 common share
purchase warrants (the "Warrants") of the Corporation. The securities issued
will have a hold period of four (4) months from the date of issuance. The
Corporation is also pleased to announce that it has increased its previously
announced Private Placement of up to $3,000,000 principal amount of Debentures
to up to $4,000,000 of Debentures, subject to applicable debenture holder and
regulatory approvals. All other terms of the Private Placement will remain the
same as previously announced.
    Artevo is a technology driven company focused on the production,
marketing and distribution of collectable fine art products.
    The Corporation is headquartered in Calgary, Alberta. For further
information contact Christopher Talbot, the President and Chief Executive
Officer of Artevo at (403) 244-8123.

    
    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.
    

    Reader Advisory

    "This news release contains certain forward-looking statements, which
include assumptions with respect to future operations. The reader is cautioned
that assumptions used in the preparation of such information may prove to be
incorrect. All such forward looking statements involve substantial known and
unknown risks and uncertainties, certain of which are beyond Artevo's control.
Such risks and uncertainties include, without limitation, risks associated
with, currency fluctuations, competition from other companies, ability to
access sufficient capital from internal and external sources, the impact of
general economic conditions in Canada, the United States and overseas,
industry conditions, changes in laws and regulations and changes in how they
are interpreted and enforced, increased competition, the lack of availability
of qualified personnel or management, fluctuations in foreign exchange or
interest rates, stock market volatility and market valuations of companies
with respect to announced transactions and the final valuations thereof, and
obtaining required approvals of regulatory authorities. Artevo's actual
results, performance or achievements could differ materially from those
expressed in, or implied by, these forward-looking statements and,
accordingly, no assurances can be given that any of the events anticipated by
the forward-looking statements will transpire or occur, or if any of them do
so, what benefits, including the amount of proceeds, that the Corporation will
derive there from. Readers are cautioned that the foregoing list of factors is
not exhaustive. All subsequent forward-looking statements, whether written or
oral, attributable to Artevo or persons acting on its behalf are expressly
qualified in their entirety by these cautionary statements. Furthermore, the
forward-looking statements contained in this news release are made as at the
date of this news release and Artevo does not undertake any obligation to
update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as
may be required by applicable securities laws."





For further information:

For further information: Artevo Corporation, Christopher Talbot,
President and CEO, T (403) 244-8123, C (403) 397-1744,
Christopher.talbot@artevo.com

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ARTEVO CORPORATION

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