WestBond Enterprises Corporation

WestBond Enterprises Corporation

July 12, 2007 15:52 ET

WestBond Announces Financing

DELTA, BRITISH COLUMBIA--(Marketwire - July 12, 2007) - WestBond Enterprises Corporation ("WestBond") (TSX VENTURE:WBE) announces that it intends to complete a non-brokered private placement of up to 1,060,000 units ("Units") at a price of $0.095 per Unit for gross proceeds of up to $100,700. Each Unit is comprised of one common share and one common share purchase warrant, each warrant entitling the holder to purchase one additional common share at a price of $0.125 per share for a period of five years after the date of issuance.

The offering is subject to certain conditions, including the receipt of requisite regulatory approvals. WestBond intends to use the proceeds to reduce bank indebtedness and for general working capital.

Insiders of WestBond will be participating in the private placement.

The private placement may close before twenty-one days following the filing of the material change report respecting this announcement if management determines it is necessary or desirable to reduce its bank indebtedness prior to the expiration of 21 days or for other sound business reasons.

WestBond is listed on the TSX Venture Exchange and trades under the symbol "WBE".

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

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