Goldnev Resources Inc. announces reasons for trading halt

CALGARY, Aug. 25, 2011 /CNW/ -- 
CALGARY, Aug. 25, 2011 /CNW/ - Goldnev Resources Inc. ("Goldnev" or the "Corporation") (TSX Venture
 Exchange - "GNZ"), announced today the reason for the trading halt of its common shares on
 August 15, 2011 pending compliance with the TSX Venture Exchange (the
 "Exchange") requirements.


The Corporation issued a total of 51,562,500 common shares for private
 placement transactions and for the acquisition of additional working
 interests in Goldnev's Pasquia Hills oil shale permit PS 243. The
 Corporation currently has 151,068,609 common shares issued.


The Exchange imposed the trading halt of the Company's securities
 pending receipt, review and approval of these share issuances.


The Corporation is cooperating fully with the Exchange in order to
 resolve the situation in a timely manner.


Neither the TSX Venture Exchange, nor its Regulation Service Provider
 (as the term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.


About Goldnev
Goldnev Resources Inc. is a public energy company focused on the
 exploration and development of unconventional and conventional crude
 oil and natural gas production in east central Saskatchewan,
 northeastern British Columbia and southwestern Alberta. Goldnev shares
 trade on the TSX Venture Exchange under the symbol "GNZ."


Anyone wishing to be added to the Corporation's news release recipients
 list may forward an e-mail request to [e-mail].


To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/25/c6075.html



p  /p p For further information on Goldnev and its projects, please visit our  website at a href="http://www.goldnevresources.com"www.goldnevresources.com/a, or email at a href="mailto:[e-mail]"[e-mail]/a or contact: /p p Mr. Marc Damebr/ President and Chief Executive Officerbr/ Goldnev Resources Inc.br/ Telephone: [phone]br/ Facsimile: [phone]br/ E-mail: a href="mailto:[e-mail]"[e-mail]/abr/ Suite 485, 708 - 11th Avenue S.W.br/ Calgary, Alberta,br/ T2R 0E4 /p 

Copyright