Broadview Press Inc.
TSX VENTURE : BDP

Broadview Press Inc.

June 11, 2007 13:15 ET

Broadview Press Inc. Completes Private Placement

CALGARY, ALBERTA--(Marketwire - June 11, 2007) -

(All figures are in Canadian dollars unless otherwise stated.)

Broadview Press Inc. (TSX VENTURE:BDP) is pleased to announce that it has successfully closed its private placement with JoAnn McCaig. The private placement consisted of 1,000,000 common shares at $0.2472 each, bringing the Company's total number of shares issued and outstanding to 12,111,107. The proceeds from the sale of the shares will be used for general corporate purposes and working capital. As detailed in the May 30, 2007 press release announcing the private placement, this subscription is within the framework of a five-year Letter of Intent signed with Ms. McCaig.

The May 30, 2007 press release can be found at www.sedar.com.

No finder's fee or commission was paid in respect of the placement. The securities issued pursuant to the private placement are subject to a four-month hold period.

Broadview Press is an internationally-oriented, Canadian-based publisher of books aimed at the higher education textbook market.

ON BEHALF OF BROADVIEW PRESS INC.

Michael Harrison, President and CEO

Contact Information

  • Broadview Press Inc.
    Michael Harrison
    President and CEO
    (519) 837-0915