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For Immediate Release

99/40


CONTACT:

September 10, 1999

WADE J. MURRAY
information@vse.ca
(604) 643-6592
   CEDUNA CAPITAL CORP. LISTS ON THE VSE

Listed:

September 10, 1999
Symbol: CUN
Classification: VCP
Business: To identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation subject to receipt of shareholder approval and acceptance for filing by the Exchange.
Management: Ian Klassen, President, CEO and Director; Edwin G. Bergsteinsson, Vice President, CFO, Secretary and Director; Stephen Martin, Director; Alan Kemp-Gee, Director.
Incorporation: Yukon Territory, January 28, 1999
Agent: IPO Capital Corp.
Agent's Warrants: Non-transferable warrants to acquire up to 150,000 common shares at a price of $0.20 per share, exercisable up to January 16, 2001.
Transfer Agent : Pacific Corporate Trust Company
Offering: $300,000 (1,500,000 shares at $0.20 per share)
Capitalization: unlimited common shares with no par value
Issued: 5,500,000 common shares are issued and outstanding
Escrow: 4,000,000 common shares
Contact: Ian Klassen, President
Address: 1488 - 1090 West Georgia Street
Vancouver, BC  V6E 3V7
Phone: (604) 488-1145
For further information, please refer to the Company's Prospectus dated July 8, 1999

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