Business News • MarketWire • Bertrand Brassard Announces an Acquisition of Shares |
Bertrand Brassard Announces an Acquisition of Shares |
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Bertrand Brassard Announces an Acquisition of Shares
MONTREAL, QUEBEC--(Marketwire - April 1, 2010) - Bertrand Brassard, Director and Vice-President Exploration of Nevado Venture Capital Corporation (hereinafter, "Nevado")(TSX VENTURE:VDO) announces that he has acquired on April 1st, 2010, 510,000 Class "A" shares, said Common Shares, of Nevado, at a value of $0.41 per share in consideration for the sale to Nevado of the Nicolet-North (246 mining claims) and Nicolet-East (352 mining claims applications) properties (the "Properties"). In addition to the issuance by Nevado of 510,000 Common Shares in favour of Bertrand Brassard, Mr. Brassard has received in consideration for the sale of the Properties, an aggregate amount of $50,000 and a 2% net smelter return of which 1% is redeemable by Nevado for a sum of $1,000,000. On a non-diluted basis, this holding of 510,000 Common Shares represents an increase of 2.54% of the Common Shares in the share ca
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