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Fifty-Plus Completes $100,000 Financing.


TORONTO -- Fifty-Plus.Net International Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:FPN FPN Fixed Pattern Noise (variation of the pixel response at one moment of an image sensor in the dark)
FPN Fixed Penalty Notice (UK law enforcement)
FPN Fundación Patagonia Natural
FPN Fine Print Note
) announces that it has closed its private placement of units at a price of $0.10 per unit for proceeds of $100,000 which it had announced March 1st. Each unit consisted of one common share and one non-transferable share purchase warrant exercisable for a period of 12 months at a price of $0.15. The shares are, and any shares issued on the exercise of the warrants will be, subject to restrictions on transfer for a period of four months.

The proceeds from the placement will be used for general working capital.

About Fifty-Plus.Net International Inc.

Fifty-Plus.Net International Inc. owns and operates www.50Plus.com, www.CARP carp, hardy freshwater fish, Cyprinus carpio, the largest member of the minnow family. A native of Asia, the carp was introduced into Europe and America and has become so well established that it is called the English sparrow of the fishes. .ca, www.theSkillsMatch.ca and other leading Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma.  web sites, providing a unique suite of content, community and commerce for people over the age of 50. www.CARP.ca is the online home of CARP, Canada's Association for the Fifty-Plus, the country's largest 50-plus advocacy group with more than 400,000 members and of CARP magazine, Canada's magazine for people over the age of 50, with readership read·er·ship  
n.
1. The readers of a publication considered as a group.

2. Chiefly British The office of a reader at a university.
 of over 840,000. Fifty-Plus.net operates the largest combined 50+ properties in Canada. Fifty-Plus.Net International Inc. trades under the symbol FPN on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) .

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

Fifty-Plus.Net International Inc. (TSX VENTURE:FPN)
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 15, 2006
Words:240
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