You On Demand Holdings Inc CBBD

Private Placement closed, securities issued

[inthemarket]

Closes $600,000 Private Placement --->@NEWS RELEASE ODYSSEY RESOURCES LTD ("YOD-V") - Closes $600,000 Private Placement Odyssey Resources Limited is pleased to announce the closing of the non-brokered private placement, as announced on March 12, 2001. The financing was fully subscribed. The securities issued pursuant to this financing will be subject to a minimum four-month hold period and the associated warrants will expire on April 4, 2002. The proceeds of this financing will be used to advance the company's Lucky Star project in Turkey, and for ongoing working capital. Odyssey's Lucky Star property is situated in the Eastern Pontides; it covers more than 34,000 acres (140 sq. km.), where polymetallic mineralization is found in several locations within a shallow submarine volcanic setting. Initial diamond drilling, carried out last year at the main Lucky Star zone, intersected 19.65 meters (64.5 feet) grading 8.48% zinc, 2.73% lead, and 84.6 grams per tonne silver. The Eastern Pontides is host to 11 known volcanogenic massive sulfide, or "VMS" deposits, accounting for over 100 million metric tonnes of polymetallic sulfides. Additionally, Odyssey reports that it has recently completed a detailed stream sediment geochemical survey across the entire Lucky Star property. More than 420 stream sediment samples were collected across an area approaching 200 square kilometers; the average sampling density was 2 samples per square kilometer. The area hosts a well-developed drainage system and should provide an accurate and reliable method for delineating new zones of base and/or precious metal mineralization. Survey results are being analyzed and will be released once all of the data has been thoroughly assessed and interpreted. TEL: [phone] D. Cameron Stretch, Investor Relations INET : https://www.odysseyresources.com