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To: Andrew~ who wrote (5079)	2/25/2014 10:26:23 AM
From: Andrew~	Read Replies (1) of 203030

LK-V Yesterday's news: Lakeland Resources Inc. Announces $2 Million Private Placement "VANCOUVER, Feb. 24, 2014 /CNW/ - Lakeland Resources Inc. (TSXv: LK; FSE: 6LL) (the "Company") is pleased to announce that it has engaged Secutor Capital Management Corporation (the "Agent") to act as lead agent in connection with a private placement of up to 3,000,000 flow-through units ("FT Units") at a price of $0.25 per FT Unit and up to 5,952,380 units ("Units") at $0.21 per Unit for gross proceeds of up to $2,000,000. Each FT Unit will consist of one flow-through common share and one half of one non flow-through common share purchase warrant in the capital of the Company. Each whole share purchase warrant (a "Warrant") is exercisable into one common share of the Company for a period of 12 months from closing at a price of $0.30 per common share. Each Unit will consist of one common share and one warrant. Each share purchase warrant (a "Warrant") is exercisable into one common share of the Company for a period of 12 months from closing at a price of $0.30 per common share. On closing the Company will grant to the Agent an over-allotment option to increase the size of the offering by 20% of the FT Units and Units that are purchased under the private placement. The option is exercisable in whole or in part for a period of 30 days from closing on the same terms as set forth above solely to cover over-allotment. The Company will pay to the Agent a cash commission of 8% of the gross sales of FT Units and Units and issue to the Agent 8% of the number of FT Units and Units sold in Compensation Options, with each Compensation Option being exercisable for 12 months at a price of $0.30." http://stockboard.com/news/view.php/lakeland-resources-inc-announces-2-million-private-placement

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