OPTION-NFA INC.
TSX VENTURE : OPN.H

OPTION-NFA INC.

August 10, 2009 20:31 ET

Option-NFA Completes Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2009) - Option-NFA Inc. (the "Company") (TSX VENTURE:OPN.H) is pleased to announce that on August 6, 2009 it completed the non-brokered private placement previously announced raising gross proceeds to the Company of $900,000 by the issuance of an aggregate of 18,000,000 common shares at a purchase price of $0.05 per Share. All Shares issued pursuant to the private placement are subject to a four month hold period which will expire on December 7, 2009. Certain insiders of the Company participated in the private placement. The net proceeds of the private placement will be used to settle outstanding debt, for working capital and general corporate purposes.

ON BEHALF OF THE BOARD

OPTION-NFA INC.

Blair Murdoch, Director

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

Contact Information

  • Option-NFA Inc.
    Blair Murdoch
    Director
    604-925-2010