VERONA DEVELOPMENT CORP. ("VDC.H") BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Remain Suspended BULLETIN DATE: April 16, 2013 NEX Company
TSX Venture Exchange has accepted for filing, a Purchase and Sale Agreement dated April 2, 2013, between the Company and Canadian Natural Resources ("CNR") whereby the Company will sell its 60% working interest in two oil and natural gas leases in the Gainsborough South area of Saskatchewan to CNR for total consideration of $671,953 of which $75,000 is cash and the balance of the purchase price will be satisfied by way of set-off of $596,953.16 claimed by CNR as debt owned by the Company for dewatering and effluent treatment charges. The transaction is at arm's length.
Insider / Pro Group Participation: N/A
Further to TSX Venture Exchange Bulletin dated July 10, 2012, trading in the Company's shares will remain suspended. ________________________________________
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