Cane O'Neill Taylor, LLC
2300 West Sahara Avenue,
Suite 500-Box 18
Las Vegas, NV 89102
Michael A. Cane* Stephen F.X. O'Neill** Chad Weiner+
Michael H. Taylor*** Peter Hsiao ++
Telephone: 702-312-6255
Facsimile: 702-944-7100
E-mail: son@stockslaw.com
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April 9, 2003
TEXADA VENTURES INC.
220 East 12th Street, Suite 201
North Vancouver, BC, Canada V7L 2J6
Attention: Marc Branson
Dear Sir:
RE: TEXADA VENTURES INC. (the "Company")
- Registration Statement on Form SB-2
We have acted as counsel for Texada Ventures Inc., a Nevada corporation (the
"Company"), in connection with the preparation of the registration statement on
Form SB-2 (the "Registration Statement") to be filed with the Securities and
Exchange Commission (the "Commission") pursuant to the Securities Act of 1933,
as amended (the "Act"), relating to the offering of 6,000,000 shares of the
Company's common stock.
In rendering the opinion set forth below, we have reviewed: (a) the Registration
Statement dated April 9, 2003 and the exhibits attached thereto; (b) the
Company's Articles of Incorporation; (c) the Company's Bylaws; (d) certain
records of the Company's corporate proceedings as reflected in its minute books;
and (e) such statutes, records and other documents as we have deemed relevant.
In our examination, we have assumed the genuineness of all signatures, the
authenticity of all documents submitted to us as originals, and conformity with
the originals of all documents submitted to us as copies thereof. In addition,
we have made such other examinations of law and fact, as we have deemed relevant
in order to form a basis for the opinion hereinafter expressed.
Based upon the foregoing, we are of the opinion that the common stock to be sold
by the selling shareholders is validly issued, fully paid and non-assessable.
This opinion is based on Nevada general corporate law.
Very truly yours,
CANE O'NEILL TAYLOR, LLC
/s/ Michael H. Taylor
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MICHAEL H. TAYLOR, ESQ.
/ado
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VANCOUVER OFFICE: Suite 1880, 1055 West Georgia Street, Box 11122,
Vancouver, British Columbia, Canada V6E 3P3
Tel: (604) 687-5792 / Fax: (604) 687-6650
*Licensed Nevada, California, Washington and Hawaii State Bars;
**Washington and British Columbia Bars; *** Nevada and British Columbia Bars;
+ California State Bar only, ++Illinois and Wisconsin State Bars