MONTREAL, March 15 /CNW Telbec/ - The Company has completed a private
placement of 1,000,000 shares offered at $0.20 for a total proceed of $200,000
on March 15, 2007.
The shares will be subject to a four (4) months resale restriction
The proceeds of this offering will be used for working capital and to
identify a potential major transaction.
In connection with this placement, the Company has agreed to pay a
finder's fee to arm's-length parties of 7.5% of the gross proceeds by the
issuance of 75 000 shares subject to the same resale restriction as above.
For further information:
For further information: Francois H. de Beaulieu, (514) 933 1503,