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News

KLM: TSX-V
$0.01

News

Nov 19, 2003

Private Placement

#2003-21

The company is pleased to announce that in addition to the previously announced private placements totaling $900,000 the company has arranged a further private placement The terms and conditions of this placement are the same as the previously announced placement of $150,000. A total of 363,637 units at a price of $0.275 per unit will be issued for total proceeds of $100,000. A unit will consist of one common share and one common share purchase warrant;two warrants are required to purchase one share at an exercise price of $0.35 for a period of two years. A finder's fee is payable

These funds will be used for general working capital.

ON BEHALF OF THE BOARD OF DIRECTORS
"D. Neil Briggs"
DIRECTOR

No Stock Exchange Has Approved or Disapproved The Information Contained Herein