Las Vegas From Home.com Entertainment Inc.
TSX VENTURE : LVH
BERLIN : LVH
FRANKFURT : LVH
PINK SHEETS : LVFHF

Las Vegas From Home.com Entertainment Inc.

June 17, 2010 08:00 ET

Las Vegas From Home.com Entertainment Inc. Closes First Tranche of the Non-Brokered Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2010) - Las Vegas From Home.com Entertainment Inc. (the "Company" or "Las Vegas") (TSX VENTURE:LVH)(PINK SHEETS:LVFHF)(FRANKFURT:LVH)(BERLIN:LVH) announces that further to its News Release dated May 18, 2010, the Company has closed the first tranche of the non-brokered private placement financing and has issued, in aggregate, 24,100,000 Units at $0.05 per Unit to various Subscribers for total proceeds to the Company of $1,205,000. Each Unit consists of one common share in the capital of the Company and one share purchase warrant to purchase an additional common share in the capital of the Company, exercisable at the price of $0.10 per common share if exercised in the first year from Closing and at the price of $0.25 per common share if exercised in the second year from Closing. In respect to the first tranche closing, 2,000,000 common shares have been issued as finder's fee to an arm's length party. All shares issued pursuant to the first tranche closing are subject to a hold period expiring on October 18, 2010.

The proceeds of the non-brokered private placement financing will be used for the continued development and roll-out of certain new and innovative products in targeted markets with established strategic operational partners.

On behalf of the Board of Las Vegas From Home.com Entertainment Inc.

Jake H. Kalpakian, President

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this news release containing words such as "believes", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Las Vegas From Home.com Entertainment Inc.
    Jake H. Kalpakian
    President
    (604) 681-0204 ext 6105
    (604) 681-9428 (FAX)
    info@lvfh.com
    www.lvfh.com