Abode Mortgage Corporation

Abode Mortgage Corporation

June 04, 2007 20:00 ET

Abode Mortgage Corporation: TSXV Approves Warrant Issuance

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 4, 2007) - Abode Mortgage Corporation (TSX VENTURE:ABD) reports that the TSX Venture Exchange has accepted for filing the company's proposal to issue, and the company has now issued, 10,000,000 warrants in consideration of a $15,000,000 revolving credit facility with an arm's length international financial institution as detailed in the company's May 24, 2007 press release.

The warrants are exercisable at a price of C$0.17 for the first year and should the credit facility be extended past the one year anniversary, at a price of C$0.195 in the second year.


David G. Nelson, Chairman of the Board

About Abode Mortgage Holdings Corp.

Abode Mortgage Holdings Corp. is a public company trading on the TSX Venture Exchange under the symbol ABD, and through its wholly owned subsidiary, Abode Mortgage Corporation, provides mortgage services to the increasing number of Canadians who are unable to find mortgage financing through traditional sources.

Headquartered in Vancouver, Abode Mortgage Corporation is delivering a new standard of service excellence to the Canadian non-conforming residential mortgage industry by providing simplified products, consistent underwriting decisions, uniformed pricing and competitive compensation programs. The Company launched its lending operations in Western Canada in February, 2007.

Information about Abode Mortgage Corporation is available on the Internet at: www.abodecorp.com.

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

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