Feb 21 (Reuters) - Niagara Ventures Corp NIA.V
* Niagara Ventures announces going private transaction
* Its board of directors has unanimously approved a proposed going private transaction
* Outstanding shares of Co will be consolidated on basis of one post-consolidated share for each 3.98 million pre-consolidated shares
* One St.Thomas will be only shareholder of corporation to receive a whole common share, on a post-consolidation basis
* Each holder of outstanding shares, other than One St. Thomas, will get $0.015 in cash for each share held Source text for Eikon: ID:nCNWKXY0ma Further company coverage: NIA.V