Apr 12, 2005
NEWS RELEASE #2005-01
The Company is pleased to announce it has arranged a non-brokered private placement for proceeds of $1,500,000. Subject to TSX approval the company will issue up to 6,000,000 shares at a price of $0.25 per share. Any finder's fees that may be payable will be in accordance with TSX Venture Exchange policies.
The funds will be used to commence the next stage of drilling on the Jackson's Arm property in Newfoundland as well as general working capital.
Visit our website at www.kermode.com for more information.
ON BEHALF OF THE BOARD OF DIRECTORS
"D. Neil Briggs"
No Stock Exchange Has Approved or Disapproved The Information Contained Herein