New Issue: New Global Ventures wraps C$483,750 of C$1.5 million placement of units

By Devika Patel

Knoxville, Tenn., April 20 - New Global Ventures International Ltd. said it took in C$483,750 in the second tranche of a C$1.5 million private placement of units. The company raised C$1.02 million in the first tranche on March 18.

The company sold 10 million units at C$0.15 apiece. It sold 6,775,000 units in the first tranche and 3,225,000 units in this one. Each unit consists of one common share and one half-share warrant. Each whole warrant will be exercisable at C$0.33 for two years.

The development-stage company is based in Vancouver, B.C.

Issuer:	New Global Ventures International Ltd.
Issue:	Units of one common share and one half-share warrant
Amount:	C$1.5 million
Units:	10 million
Price:	C$0.15
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.33
Settlement date:	March 18 (for C$1,016,250), April 20 (for C$483,750)
Stock symbol:	TSX Venture: NNG
Stock price:	C$0.22 at close March 18
Market capitalization:	C$4.96 million

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