Mr. Souhail Abi-Farrage reports
KOKANEE'S PRIVATE PLACEMENT FULLY SUBSCRIBED
Kokanee Minerals Inc. has fully subscribed its private placements for the sale of 7,500,000 units raising a total of $1,125,000. Each unit offered at
.15 per unit consists of one common share of the Company and one non-transferable share purchase warrant, and each share purchase warrant shall have a two year term from the date of issuance for the purchase of one further common share of the Company at the exercise price of
.20 in the first year and thereafter
.25 in the second year.