VANCOUVER, April 5 /CNW/ - Consolidated AGX Resources Corp. (the
"Company") will complete a pro rata distribution to its shareholders of the
shares of a newly formed wholly owned subsidiary, 0787522 B.C. Ltd., which
will hold all of AGX's currently owned non-cash assets, consisting of its 40%
working interest in certain mineral claims located in the Batovi Province in
Brazil. The distribution will be made as a return of paid-up capital and the
record date for such distribution will be set at April 17, 2007.
Each current shareholder of Consolidated AGX shall receive 0.144 shares
of 0787522 B.C. Ltd. for every one share of Consolidated AGX.
The foregoing transaction will be subject to obtaining the necessary
shareholder and regulatory approvals.
ON BEHALF OF CONSOLIDATED AGX RE
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
For further information:
For further information: CONSOLIDATED AGX RESOURCES CORP., Suite 201 -
850 West Hastings Street, Vancouver, BC, V6C 1E1, Tel: (604) 689-9661, Fax: