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Palladon Ventures 87.37-million-share private placement

2008-06-26 20:24 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 4, 2008.

Number of shares: 87,375,169

Purchase price: 70 cents per share

Warrants: 21,843,768 share purchase warrants to purchase 21,843,768 shares

Warrant exercise price: $1 for an 18-month period

Hidden placees: 46

Insider participation: J.D. Clark & Company (Jeffrey D. Clark), 363,285; JANA Piranha Master Fund Ltd., 21,797,142; JANA Nirvana Fund LP, 2,906,285; JANA Nirvana Master Fund LP, 4,359,428

Finder's fee: WFG Investments Inc. receives $3,052,983 and 871,885 units with the same terms as the above private placement.