| Trade Winds Announces Closing of Private Placement |
 |
 |
 |
|
March 30, 2010 – Trade Winds Ventures Inc. (TSX-V: TWD, FSE: TVR) is pleased to report that it has closed its previously announced brokered private placement through M Partners Inc. of 22,000,000 units for gross proceeds of $3,300,000. Each unit consists of one common share and one-half of one share purchase warrant. Each share purchase warrant will entitle the holders to acquire one additional common share at a price of $0.20 per share for a period of one year from the date of closing. M Partners Inc. received a cash commission of $241,918 and broker's warrants entitling M Partners Inc. to purchase 1,666,125 units of the Company at a price of $0.15 per unit for a period of one year from the date of closing. All of the securities issued under the private placement are subject to a four month hold period. Proceeds from the offering will be used to fund exploration of Trade Winds' Detour Lake Block A gold project and for general working capital. FOR FURTHER INFORMATION PLEASE CONTACT: Ian D. Lambert, CEO/President (416) 840-9843 Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Visit our Website at: www.tradewindsventures.com Forward Looking Information 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. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
|