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.
February 18, 2007
Further to its news release of January 26, 2007, C Level Bio International Holding Inc. (TSXV-CLV.P) ("C Level"), a Capital Pool Company, in accordance with the policies of the TSX Venture Exchange Inc. (the "Exchange"), is pleased to announce that the Exchange has conditionally approved the qualifying transaction described in the previous press releases issued by C Level regarding the acquisition of all the issued and outstanding shares of Nevada Exploration Inc. ("Nevada") and that C Level proceeded today with the filing of its Filing Statement, through SEDAR, in accordance with the applicable policies of the Exchange. The filing statement is available to the public through the Exchange and SEDAR at the following address: www.sedar.com.
C Level and Nevada intend to proceed to the closing of the qualifying transaction and the pre-announced brokered private placement of Nevada by way of subscription receipts described in C Level's filing statement for gross proceeds of $2,000,000 on or about February 27, 2007.
About Nevada Exploration Inc.
Nevada Exploration Inc. is a Toronto-based junior exploration company, constituted under the laws of the Province of Ontario, focused, through its wholly-owned Nevada incorporated subsidiary Pediment Gold LLC, on gold exploration in Nevada. It has 100% ownership interest in two exploration properties in Nevada's major gold trends: the Fletcher Junction Property and the Hot Pot Property, and is led by a highly experienced management team.
Completion of the Proposed Qualifying Transaction is subject to a number of conditions, including but not limited to the satisfaction of the minimum listing requirements of the Exchange and acceptance of the Proposed Qualifying Transaction as C Level's qualifying transaction pursuant to its Policies and any other required approvals or consents. There can be no assurance that the Proposed Qualifying Transaction will be completed as proposed or at all. The Exchange has in no way passed upon the merits of the Proposed Qualifying Transaction and does not accept responsibility for the adequacy or accuracy of this press release.
The prospectus of C Level Bio International Holding Inc. can be consulted on SEDAR's website at the address: http://www.sedar.com
For further information
Daniel Pharand, President, C Level Bio International Holding Inc., (514) 984-4431, firstname.lastname@example.org
Wade Hodges, President, Nevada Exploration Inc., (775) 359-7740, email@example.com