PP completed yesterday.Berkwood Resources Ltd. (Berkwood or the Company) (TSX-V: BKR) announces it has received conditional approval from the TSX Venture Exchange and now will close a private placement as to $231,000 and will issue 3,850,000 units at $0.06. Each unit will be comprised of one common share and one warrant, with each whole warrant exercisable into one common share at a price of $0.10 for a period of two years from closing. All securities will be subject to a four-month plus one day hold period from closing. Proceeds of the private placement will be used to develop the Companys properties located in Quebec and working capital.