New Issue: Levon Resources concludes C$2.33 million private placement of units

By Devika Patel

Knoxville, Tenn., Jan. 4 - Levon Resources Ltd. said it completed a C$2.33 million private placement of units via lead agents Salman Partners Inc. and Bolder Investment Partners, Ltd. The deal priced for C$2 million on Dec. 18 with a C$500,000greenshoe.

The company sold 6,651,000 units at C$0.35 apiece. Each unit consists of one common share and one half-share warrant. Each whole warrant will be exercisable at C$0.55 for one year.

Proceeds will be used for exploration and development and general working capital requirements.

Based in Vancouver, B.C., Levon Resources is a natural resource explorer.

Issuer:	Levon Resources Ltd.
Issue:	Units of one common share and one half-share warrant
Amount:	C$2,327,850 (including C$327,850 greenshoe)
Units:	6,651,000
Price:	C$0.35
Warrants:	One half-share warrant per unit
Warrant expiration:	One year
Warrant strike price:	C$0.55
Agents:	Salman Partners Inc., Bolder Investment Partners, Ltd.
Pricing date:	Dec. 18
Settlement date:	Jan. 4
Stock symbol:	TSX Venture: LVN
Stock price:	C$0.38 at close Dec. 17
Market capitalization:	C$23.3 million

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