Snowfield Development Corp. SWFCF

RE: Fraudsquad... comment on the facts...

[marketminer]

This was not a flow through placement.. what you insinuated was not true! Real cost is .30 not .19 as you stated as the placement was for common shares, not flow through shares. Fraudsquad...??? Snowfield Development to raise $450,000 privately 2007-04-09 19:02 ET - News Release Mr. Robert Paterson reports PRIVATE PLACEMENT ANNOUNCEMENT Snowfield Development Corp. has negotiated a non-brokered private placement offering of up to 1.5 million units at a price of 30 cents per unit. Each unit consists of one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant will be exercisable for a period of two years from the closing date and will entitle the holder to purchase one additional common share in the capital stock of the company at a price of 40 cents per share during the first year and at a price of 50 cents per share during the second year. The proceeds from the sale of up to 1.5 million units, if fully subscribed, is $450,000 and will be applied to continued exploration expenditures on Snowfield's Ticho project located near the Drybones Bay area, Great Slave Lake, Northwest Territories, approximately 50 kilometres south of Yellowknife, NWT, and to working capital for administrative expenses, accrued liabilities, accounts payable and operational expenses. Any funds received by the company from the exercise of warrants will be added to working capital. The private placement will be closed when the final documentation is accepted for filing by the TSX Venture Exchange. The common shares from the units and the common shares from the exercise of warrants, if any, are subject to a hold period of four months from the distribution date. The expiry date of each warrant is two years from the closing date.