Typhoon 4.09-million-FT-NFT-share private placement

2008-04-03 18:35 ET - Private Placement

The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement announced on March 7, 2008.

Number of shares:  Three million flow-through common shares and 1,090,800 common shares

Purchase price:  16 cents per flow-through common share and 11 cents per common share

Warrants:  1,090,800 share purchase warrants to purchase 1,090,800 common shares

Warrants exercise price:  50 cents per share for a 12-month period following the closing of the private placement

Hidden placees:  54

Finder's fee:  Francois Simard received $60,000

The company has confirmed the closing of the above-mentioned private placement.