Damian Capital Corp.
NEX BOARD : DME.H

March 27, 2006 16:09 ET

Damian Announces Financing

CALGARY, ALBERTA--(CCNMatthews - March 27, 2006) -

(Not for dissemination in the United States of America)

DAMIAN CAPITAL CORP. (NEX BOARD:DME.H) (the "Corporation") announces that it intends to complete a private placement of up to 3,000,000 units at a price of $0.05 per unit (the "Private Placement"). Each unit (the "Units") will consist of one common share and one warrant, with each warrant entitling the holder thereof to purchase one common share at a price of $0.10 per share for a period of one year (the "Warrants"). The Corporation intends to use the proceeds to review and pursue potential companies, businesses and assets with a view of completing a reactivation transaction.

The Corporation has reserved a price of $0.05 per share for the up to 3,000,000 common shares to be issued pursuant to the Private Placement and a price of $0.10 per share for up to 3,000,000 common shares to be issued upon exercise of the Warrants. The Private Placement is subject to regulatory approval and the Corporation is required to file a formal application with the NEX board of the TSX Venture Exchange Inc. to maintain this price reservation. Directors and officers of the Corporation intend to purchase Units pursuant to the Private Placement.

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

Contact Information

  • Damian Capital Corp.
    Alain Lambert
    President and CEO
    (514) 392-9419