YSV Ventures Inc.

December 29, 2006 15:21 ET

YSV Ventures Inc. Completes $140,876 Private Placement

TORONTO, ONTARIO--(CCNMatthews - Dec. 29, 2006) - YSV Ventures Inc. ("YSV") (NEX BOARD:XSV.H) announced today that it has raised gross proceeds of $140,876 through the sale of 1,408,760 common shares. Each common share was sold at an issue price of $0.10. All common shares issued under the private placement constitute 'flow-through' shares (as defined under the Income Tax Act (Canada)) and all proceeds from the sale and issuance of such shares will be used for eligible expenditures in connection with the further exploration and development of YSV's mineral properties.

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)