Lawrence Page, Q.C., Directly and Indirectly, Acquires Additional Securities of Valterra Resource Corporation
November 22, 2010
Valterra Resource Corporation (the “Company”) previously reported on June 18, 2009 that Lawrence Page, Q.C. of 1100 – 1199 West Hastings Street, Vancouver, British Columbia V6E 3T5, together with Manex Investments Inc. and Manex Resource Group Inc., companies at the same address as Lawrence Page, Q.C. and over which Lawrence Page, Q.C. exercises control and direction (collectively referred to as the “Shareholder”), had acquired shares and units through the facilities of the Canadian National Stock Exchange and through Private Placement purchases, at prices ranging from $0.09 to $0.30 and beneficially owned 3,604,333 common shares representing 13.14% of the outstanding capital of the Company. Additionally, the Company reported that the Shareholder held options to purchase 200,000 common shares of the Company, and warrants to purchase 1,666,667 common shares which, when purchased and added to the present holdings of the Shareholder, represented a holding of 18.69% of the then outstanding capital of the Company.
The Company wishes to further report that Lawrence Page, Q.C., together with Manex Investments Inc., Manex Resource Group Inc. and Lawrence Page, Q.C. Law Corporation, companies at the same address as Lawrence Page, Q.C. and over which Lawrence Page, Q.C. exercises control and direction (collectively referred to as the “Shareholder”), has acquired additional units through Private Placement purchases, at a price of $0.05 per unit and now beneficially owns 17,456,833 common shares representing 30.03% of the outstanding capital of the Company. Additionally, the Company reports that the Shareholder holds options to purchase 400,000 common shares of the Company, and warrants to purchase 15,519,167 common shares which, when purchased and added to the present holdings of the Shareholder, represents a holding of 45.07% of the then outstanding capital of the Company.
The Shareholder has advised that its current intention is that all of the shares of the Company acquired were acquired for investment purposes but the Shareholder may, from time to time, reconsider its holdings in the Company and, as circumstances dictate, may increase or decrease its position in the Company.
The Company is further advised that a report relating to these matters is being filed with the British Columbia, Alberta and Ontario Commissions by the Shareholder. A copy of the report may be obtained from the Manex Group of Companies on behalf of the Shareholder by calling 604-684-9384.
On behalf of the Board,
Derek Page, Director
Valterra Resource Corporation
For further information, please visit the Company’s website at valterraresource.com or contact Liana Shahinian at 1.888.456.1112 or 604.641.2773 or by email at email@example.com.The Canadian National Stock Exchange (CNSX) has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Valterra Resource Corporation relies upon litigation protection for forward looking statements.