LAKEWOOD
MINING CO. LTD.
Tel: (604) 514-0041 Fax: (604) 514-9702
TSX Venture Exchange – LKW
Private Placement: The Company has arranged a private
placement of $120,000 by the issue of 1,200,000 shares at a price of $.10 per
share, each share with a warrant attached exercisable at a price of $.15 per
share for a period of two years from the date of issue of the shares and
warrants. The shares and any shares
issued upon exercise of the warrants will have a hold period expiring four
months and one day after the date of the issue of the shares and warrants. There is a finder’s fee of 10%. $70,000 of the net proceeds will be used for
continuing exploration on the Company’s properties, and the balance of $50,000
for administration.
The private
placement is subject to the acceptance of the Exchange.
Per:
Charles Boitard, President