Confirmed old news as to PP2110–1177 W. Hastings St. Vancouver, B.C. V6E 2K3 Tel: (604) 688-5007 Fax: (604) 681-5259
Toll Free: 1-888-955-5656
Trading Symbol: TEA
NEWS RELEASE
Final Closing of Non-Brokered Private Placement
January 10, 2005
The Company wishes to announce that it has completed the final phase of a private
placement initially announced on August 25, 2004, and amended on December 24,
2004. The TSX Venture Exchange granted its approval for the final closing on January
10, 2005.
The final phase of the placement consists of 1,603,333 Units, with each Unit being
comprised of one common share and one Share Purchase Warrant entitling the holder
to purchase one additional common share from the Company at $0.18 for one year
following the closing date (the “Warrantsâ€).
The Company has received the sum of $232,519.95 as net proceeds of the final phase
of the placement after deduction of expenses.
The shares [forming part of the Units or which may be exercised upon exercise of the
warrants forming part of the units] [and those which may be issued upon exercise of
the Agent’s warrants] will be subject to a hold period expiring on May 11, 2005.
The Company has paid the amount of $7,980.00 and has issued 66,500 Warrants by
way of a finders’ fee in connection with the placement.
The net proceeds of the private placement will be used General Working Capital.
ON BEHALF OF THE BOARD OF DIRECTORS
“Charles Rossâ€
Charles Ross, Secretary
The TSX Venture Exchange has neither approved nor disapproved the contents hereof.