Message #8 From:
NewsBot Date: February 27, 2007 06:04:00 AM
CTVWF News CityView Increases Its Shareholding in Angolan Projects
PERTH, Australia--(BUSINESS WIRE)--CityView Corporation Ltd. (OTCBB:CTVWF)(ASX:CVI)(FWB:C4Z) is pleased to announce that in accordance with the shareholders agreement between CityView and Petro African Energy plc and for the consideration of CityView covering the cost of the next phase of the work program, budgeted at US$130,000, CityView has increased its interest in both the Longonjo project and the Ucua beryllium project from 36.3% to 42.7%.
The Longonjo licence covers an area of 3,764 square kilometres, within the Congo Craton. The Ucua licence covers an area of 1,358 square kilometres and hosts the Dande Pegmatite complex.
About CityView Corporation
City View Corporation Ltd. is an exploration and development company. It is management’s objective to grow CityView into a significant uranium, Beryllium, oil and gas project by developing its interest in Angola. The company trades on the OTCBB market under the symbol “CTVWF” and on the Australian Exchange under the symbol “CVI”. For more information please visit the company’s web site at: www.cityviewcorp.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
