New Issue: Trade Winds wraps C$429,540 tranche of C$1.45 million units placement

By Devika Patel

Knoxville, Tenn., Dec. 31 - Trade Winds Ventures Inc. said it raised C$429,540 in the second tranche of a C$1.45 million private placement of units with MineralFields Group. The company raised C$1.02 million on Dec. 23.

The company sold 9,739,997 units of one flow-through common share and a half-share warrant at C$0.105 apiece in the first tranche. It sold 4,090,857 units in the second tranche. Each whole warrant is exercisable at C$0.20 for one year.

Proceeds will be used for exploration and development of the company's projects in Ontario.

Trade Winds, based in Timmins, Ont., is a gold exploration company.

Issuer:	Trade Winds Ventures Inc.
Issue:	Units of one flow-through common share and a half-share warrant
Amount:	C$1,452,240
Units:	13,830,854
Price:	C$0.105
Warrants:	One half-share warrant per unit
Warrant expiration:	One year
Warrant strike price:	C$0.20
Investor:	MineralFields Group
Settlement date:	Dec. 23 (for C$1,022,699), Dec. 31 (for C$429,540)
Stock symbol:	TSX Venture: TWD
Stock price:	C$0.10 at close Dec. 23
Market capitalization:	C$8.95 million

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