Thelon Capital Ltd.
TSX VENTURE : THC
FRANKFURT : TFH

Thelon Capital Ltd.

April 03, 2007 17:43 ET

Thelon Ventures Ltd.: Non-Broker Private Placement Closed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 3, 2007) - Thelon Ventures Ltd. (TSX VENTURE:THV)(FRANKFURT:TFH) is pleased to announce that it has closed the non-brokered private placement of 2.40 million units at a price of .21 cents per unit announced March 21, 07. Each unit will consist of one share and one half share purchase warrant exercisable into one common share for a period of two years at a price of 0.30 cents in the first year and .40 cents in the second year. These securities will be restricted until July 29, 2007.

There were 6 placee's, 4 of which are listed below:

Al Fabro (Pro)

David Forest

Bunnaton Ltd.

Bank Sal. Oppenheim jr & Cie (Switz) Ltd.

THELON VENTURES LTD.

On behalf of the Board of Directors

Jason Walsh, President

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

Contact Information

  • Thelon Ventures Ltd.
    Jason Walsh
    President
    (604) 682-1643
    (604) 682-1666 (FAX)