Cloudbreak Resources Ltd. Announces Private Placement.VANCOUVER, British Columbia -- Cloudbreak Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CDB CDB Common Database CDB Caribbean Development Bank CDB Convention sur la Diversité Biologique (Convention on Biological Diversity) CDB China Development Bank (Beijing, China) CDB Capital Development Board ) (FWB (Fixed Wireless Broadband) See fixed wireless. :C6K) (the "Company") announces a private placement of up to 2,500,000 units at a price of $0.10 per unit for total proceeds of $250,000, subject to acceptance by the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . Each unit will consist of one common share and one share purchase warrant, each warrant entitling the holder to purchase an additional common share at a price of $0.12 per share for a period of one year. Finders fees will be payable in accordance with the policies of the TSX Venture Exchange. The proceeds of the private placement will be used for general working capital. ON BEHALF OF THE BOARD OF DIRECTORS CLOUDBREAK RESOURCES LTD. Mitchell Adam, Director and President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. |
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