Union Bankshares Inc UNB

NEWS!NEWS!NEWS!!

[roilion]

United Bolero Development Corp (C-UNB) - News Release United Bolero to raise money for Bald Butte, Chow 2005-10-11 11:45 ET - News Release Shares issued 25,977,241 UNB Close 2005-10-07 C$ 0.22 Mr. Blair Naughty reports UNITED BOLERO ANNOUNCES 1.55 MILLION DOLLAR PRIVATE PLACEMENT United Bolero Development Corp. intends to raise, on a best-efforts basis, up to $1.55-million. Up to seven million units will be issued as non-flow-through units consisting of one non-flow-through common share and one non-transferable share purchase warrant. The warrants will entitle the holder to purchase one additional non-flow-through common share of the company at a price of 25 cents per share until the expiration of two years from the original issue date of the warrants. The company will also concurrently place up to 750,000 units as non-flow-through units consisting of one non-flow-through common share and one-half non-transferable share purchase warrant. The warrants will entitle the holder to purchase one additional non-flow-through common share of the company at a price of 25 cents per share until the expiration of one year from the original issue date of the warrants. President Blair Naughty states: "We are very excited at United Bolero to raise the capital to move forward on our Bald Butte project, as well as start work on our Chow project in Sudbury. These funds should enable the company to take the final steps required to put ourselves into a positive cash flow situation, thus enabling the company to be self-financing in the future." A finder's fee may be paid within the context of the TSX Venture Exchange policies on a portion, or all of the proceeds. The offering is subject to TSX Venture Exchange approval. All securities issued in connection with this offering will be subject to a four-month hold period in accordance with securities regulation. We seek Safe Harbor.

[Tibber]

PP at $.22 per share. This provides good support for current prices. BUT about 26% dillusion in shares if the PP is fully subscribed. Any idea on how small investors like us can take advantage of the PP? It's all still good news, financing will be complete and cashflows will come in before year end. GT, do you want to update your price predictions??

[gospeltrader]

I think we all expected this NR. I'll contact Blair and get an update on the PP and when the approximate date the PP is to be closed (I have a feeling the PP is fully subscribed already but the paper work must be completed through the Venture, etc....) My short term prediction still stays as is. When I talked to Blair last, he did say that the PP would not be at 15 cents or some other

[grantster44]

Hi gt. It is IMO that with near 15M shares outstanding;and the 20 day MA of only 300k being traded;that you are absolutely correct about these [penny pinchers]./[day traders].Which by the way ;would indicate to me that the majority of us;are long; and[ Beleive in UNB.]I personally like the financing to [GET BOTH]projects underway without overspending [GOING OVER THEIR HEADS.]and maintaining SH

[THEPOPE6]

United Bolero Development Corp. (UNB.V) CDNX 11-Oct-2005, 15:40 ET, daily, O:0.22 H:0.24 L:0.21 C:0.23 V:405,000 Chg:0.01 Avg. True Range(20): 0.02 x 3 chart Prelim. Bullish Price Obj. (Revised): 0.48 P&F Pattern: Double Top Breakout www.stockcharts.com

[grantster44]

Hi Pope. Just wondering if there is a timefrane to revision.Thanx.GRANTSTER.

[THEPOPE6]

Hi Grantster44.. at least someone is talking nice to me...LOL... Imho 1 month.

[foz1971]

Do you take $1.55 million divided by 7,750,000 shares? This would make a private placement offering of 0.20 cents. Is this correct? Thanks Foz