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VISIONQUEST ENERGY GROUP INC — M&A Activity 1998
Apr 9, 1998
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Download source fileVISIONQUEST ENTERPRISE GROUP INC.
470 - 475 West Georgia Street, Vancouver, British Columbia, V6B 4M9
Telephone: (604) 689-1818 / Fax: (604) 684-9699
V.S.E. Ticker Symbol: VQE
Issue Date: 98-04-09
News Release No. 98-04A
PROPOSED ACQUISITION
VisionQuest Enterprise Group Inc. (“VisionQuest”) advises that it has entered into a share purchase agreement with Wayne Sorci of Surrey, British Columbia, for the purchase from Mr. Sorci of a 35% participating equity interest in Mr. Sorci’s companies, BCT Battery Conservation Technology (Canada) Inc. and Nu-Enviro Designs Inc. These environmental service enterprises are involved, both in Canada and the United States, in the recycling of dry cell batteries, lead-acid batteries, and mercury containing products such as fluorescent lamps.
VisionQuest recognizes this opportunity as an enterprise of both social and commercial merit, and consistent with the acquisition/joint ventured enterprise development objectives of VisionQuest. The proposed consideration for the transaction is 200,000 shares of VisionQuest and as such qualifies as a minor transaction under the Policies of the Vancouver Stock Exchange. Upon regulatory approval, it is intended that this investment will be commercially advanced through VisionQuest’s 100% owned subsidiary, World Enviro-Solutions Technology Corp. The transaction is subject to acceptance by the Vancouver Stock Exchange.
“Gary W. Ciccozzi”
______________________________
President
THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE