| Trade Winds Announces First Closing of Private Placement |
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TRADE WINDS ANNOUNCES FIRST CLOSING OF PRIVATE PLACEMENT Toronto, Ontario, December 10, 2007 – Trade Winds Ventures Inc. (the “Company”) reports that, with Octagon Capital Corporation as lead agent (the “Agent”), it has closed the first tranche of its previously announced private placement. The initial closing consisted of RBC Dominion Securities Inc. purchasing 8,000,000 non-flow-through units (“Units”) at $0.25 per Unit for gross proceeds of $2,000,000 (the “Initial Closing”). Each Unit consists of one non-flow-through common share and one-half of one transferable non-flow-through common share purchase warrant, with each whole warrant entitling the holder to acquire one further common share of the Company for a period of two years from closing at an exercise price of $0.30. The second tranche of the private placement is expected to close in the next two or three weeks and is expected to raise up to an additional $1.5 million on a brokered basis from the sale of up to 6,000,000 Units and an additional $2.75 million on a non-brokered basis from the sale of up to 7,000,000 units with the same attributes as Units and 3,366,667 flow-through Units at $0.30 per flow-through unit. All securities issued on the Initial Closing have a hold period in Canada until April 8, 2008. In addition to a cash commission of 8% of the gross proceeds from the Initial Closing, the Company has issued Compensation Options entitling the Agents to acquire that number of units equal to 8% of the Units sold under the Initial Closing at $0.25 per Unit for a period of two years. The net proceeds raised from the issue of the Units will be used for exploration and development costs, property acquisition costs, investments, and working capital. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. FOR FURTHER INFORMATION PLEASE CONTACT: Ian D. Lambert, CEO/President (604) 742-2522 Terry McGee, Investor Relations Toll Free (877) 811-4518 ext 228 or (604) 742-2531 Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Visit our Website at www.tradewindsventures.com This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
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