Read carefully.....all good in time.Las Vegas From Home.com Entertainment Inc. (the "Company") or ("LVFH") is pleased to announce that it has closed the previously announced bought-deal private placement of 12,308,000 Subscription Receipts ("Subscription Receipts") at a price of $.65 per Subscription Receipt, for total gross proceeds of $8,000,200. In addition, the Underwriters exercised an option to acquire an additional 177,500 Subscription receipts, for a total of 12,485,500 Subscription Receipts and a total gross proceeds of $8,115,575. Each Subscription Receipt is exercisable into one unit (a "Unit") of the Corporation. Each Unit is comprised of one common share ("Common Share") of the Corporation and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $1.00 for 24 months following the closing of the Offering.
Wellington West Capital Markets Inc. and CIBC World Markets Inc. led the underwriting syndicate, which also included GMP Securities Ltd. and Sprott Securities Inc. (collectively the "Underwriters"). The Underwriters were paid a cash commission of 6.75% of the gross proceeds of the Offering and a compensation warrant entitling them to purchase up to 842,771 Units at a price of $0.65 per Unit on or before May 13, 2007.