| Consolidated Big Valley Resources Inc. - CBG.HNEWS RELEASE May 19, 2006 CONSOLIDATED BIG VALLEY CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT @ $0.12 AND $0.15 PER UNITFurther to the Company’s new release of March 9, 10 & 27/06 and TSX Venture Exchange acceptance notice of May 11/06 the first tranche of the non-brokered private placement has been completed. It’s comprised of 1,705,000 non flow-through units at $0.12 per unit for total proceeds of $204,600 and 1,465,000 flow-through units at $0.15 per unit for proceeds of $219,750. Each unit is comprised of one common share and one-half purchase warrant entitling the holders to acquire a total 1,585,000 shares at a price of $0.20 if exercised on or before May 11, 2007. Finder’s fees totalling $21,375 and 162,500 units were issued as part of this first tranche closing. All common shares, warrants and finders fee shares issued under this private placement have a hold period of four months expiring September 12, 2006.
ON BEHALF OF THE BOARD Gary Musil, CFO
Secretary/Director THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. |
