YSV Ventures Inc.

January 18, 2007 16:40 ET

YSV Ventures Inc. Completes $175,729 Private Placement

TORONTO, ONTARIO--(CCNMatthews - Jan. 18, 2007) - YSV Ventures Inc. ("YSV") (NEX BOARD:XSV.H) announced today that it received gross proceeds of $175,729 from the closing of a private placement of 878,645 units, each unit comprising one flow-through common share (as defined under the Income Tax Act (Canada)) and one non flow-through common share, on December 29, 2006. Each common share was sold at an issue price of $0.10.

All common shares issued under the private placement are subject to resale restrictions under applicable securities laws, which shall expire on April 30, 2007.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe YSV's future plans, objectives or goals, including words to the effect that YSV or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

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

Contact Information

  • YSV Ventures Inc.
    Howard Coates
    (416) 703-6248
    (416) 368-3151 (FAX)