December 8, 2004-- Toronto, Ontario --Vena Resources Inc. (formerly, Oceanus Water Purity Inc.) (the “Company”) is pleased to announce the completion of its previously announced acquisition of Vena Resources (2004) Inc. (“Vena”). The Company has acquired the balance of the shares of Vena and now owns 100% of the issued and outstanding common shares of Vena. Vena owns a 99% interest in Las Dunas de Oro SA, a Peruvian company holding the interests in five gold exploration properties located in Peru. The acquisition of Vena was completed pursuant to a share exchange offer mailed to all shareholders of Vena on April 8, 2004.
As a condition of the transaction, the common shares of the Company were consolidated on a three (3) for one (1) basis and the Company changed its name to “Vena Resources Inc.”. Prior to the completion of the acquisition, consolidation and name change, the Company had 6,999,000 common shares outstanding.
As of the date hereof, the former shareholders of the Company hold 2,333,000 post-consolidation shares of the Company (representing approximately 9% of the share capital of the Company) and the shareholders of Vena hold 24,167,000 post-consolidation shares (representing approximately 91% of the share capital of the Company) and 2,500,000 warrants to purchase post-consolidation shares of the Company for a total of 29,000,000 shares outstanding on a fully diluted basis.
Vena, indirectly through its subsidiary, holds interests in five gold exploration properties located in Peru.
The current directors of the Company are Juan Vegarra, John Cullen, Denis Clement and Leonard De Melt. The current senior officers of the Company are Juan Vegarra (Chairman), Leonard De Melt (President), John Cullen (Secretary) and James Fairbairn (CFO).
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