Uranium - Gold - Diamonds
James Bay, Quebec - Athabasca Basin, Saskatchewan - Carlin Trend, Nevada
Message: Cease Trade Orders Revoked
| January 16, 2009 |
| Bonaventure Cease Trade Orders Revoked |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 16, 2009) - BONAVENTURE ENTERPRISES INC. (TSX VENTURE:BVT)(FRANKFURT:YQG) (the "Company" or "Bonaventure") is pleased to announce that on January 13, 2009 and January 16, 2009, respectively, the B.C. Securities Commission and the Autorite des Marches Financiers have issued orders revoking the cease trade orders issued against the Company by each of them. As part of the process of seeking revocation of the cease trade orders, the Company has filed its audited financial statements, Management Discussion and Analysis, and 52-109 Certifications of each of the CEO and CFO of Bonaventure for its fiscal year ended August 30, 2008, together with all required late filing and penalty fees, and has made application to the TSX Venture Exchange for reinstatement for trading. The Company is a mineral exploration company focused on developing a diversified portfolio of uranium properties in Canada and gold properties in Nevada, with the goal of establishing National Instrument 43-101 compliant Mineral Resources in the near term. The Company has a 100% interest in the K9 Uranium property located in the James Bay region in Quebec, as well as other uranium assets located in the North Shore region of Quebec and in the Athabasca Basin in Saskatchewan. The Company also holds gold exploration properties in Nevada, and has an option agreement to acquire up to 60% interests in the New Pass Property located in Austin, Nevada and the Squaw Creek Property located on the northern extension of the Carlin Trend in northern Nevada. Both properties are under a joint venture with White Knight Gold (U.S.) Inc., a wholly owned subsidiary of U.S. Gold Corporation (TSX:UXG). The Company also holds 100% interests in the Goldfields, Cottonwood, Jet and Northern Lights properties located in western and southern Nevada. On behalf of the Board of Directors Jean Lafleur, P. Geo., President and CEO, Director |
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