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WestBond Enterprises to raise $100,700 privately
July 12th 2007
WestBond Enterprises Corp. intends to complete a non-brokered private placement of up to 1.06 million units at a price of 9.5 cents per unit for gross proceeds of up to $100,700. Each unit comprises one common share and one common share purchase warrant, each warrant entitling the holder to purchase one additional common share at a price of 12.5 cents per share for a period of five years after the date of issuance.

The offering is subject to certain conditions, including the receipt of requisite regulatory approvals. WestBond intends to use the proceeds to reduce bank indebtedness and for general working capital.

Insiders of WestBond will be participating in the private placement.

The private placement may close before 21 days following the filing of the material change report respecting this announcement if management determines it is necessary or desirable to reduce its bank indebtedness prior to the expiration of 21 days or for other sound business reasons.

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