Galahad Metals Inc. V.GAX

PP closes

[hoov]

Galahad Metals Announces Amendment to Private Placement

OTTAWA, ONTARIO--(Marketwire - Sept. 13, 2010) - Galahad Metals Inc (TSX VENTURE:GAX) announced today that it has completed the Private Placement announced August 23, 2010.

The Company is pleased to announce that it raised a total of $669,000 through the sale of Flow-Through and Non Flow-Through Units. The Company issued 9,880,000 Non-Flow-through units which were sold at
.05($494,000) and 2,500,000 Flow-Through units which were sold at
.07 ($175,000).

Each Non Flow-Through units consists of one commons share and one warrant to purchase a common share at
.10 and each Flow-Through unit consists of one Flow-Through common share and one warrant to purchase a non flow-through common share at
.10 from the date of issue up to and including August 31, 2012.

The proceeds obtained from the issuance of the Flow-Through Units shall be used for a diamond-drilling and down-hole geophysics exploration programme at Galahad's Regcourt Property near Val d'Or QC. The proceeds obtained from the issuance of Non Flow-Through units shall be used for General Operating Costs and to pay the Board of Land Management Fees for its Bottle Creek Property in Nevada.

The Company will pay a Finder's Fee payable in a combination of cash and the issuance of securities of the Issuer equal to 4% ($18,600) of the cash and Non Flow-Through Units equal to 6% (558,000 units) of the proceeds in connection with proceeds received by the Corporation from the sale of either Non Flow-Through or Flow-Through Units to subscribers.

[hoov]

Nope. Different Larry Hoover.Lar

[nobspls]

Hence the name, after all his work on the bullboards we find out he is hoovering up compensation shares and warrants for placing investors who he has solicited from the bullboards. This is cheeky. Stooge - where did you get the info on the US securities fraud question? My search showed this: Larry Hoover (born November 30, 1950) is a convicted Americanmurderer and the alleged leader of the

[rainhum]

I recommend you be very careful before you knowingly  create the impression that an idividual is responsible for a crime committed by another merely because they share the same name! You are writing this in a public forum and the man you slander uses no handle to hide behind......... Unlike you or I...... He is being completly transparent!........ If you slander him in writing where your IP

[Stooge]

Oh stop this scaremongering.I asked the question .... could the Larry Hoover getting finders fees be the same one convicted of fraud.Hoov here responded .... no  different person. (I made no link to the Hoov here to any Larry Hoover. Anyone wishing to do so can speculate all they like.)Someone asked for info on the Larry Hoover fraud.I posted the link.This is what these boards are for

[nobspls]

Stooge - Did'nt you know that you are not allowed to say anything that does not meet with Rainbum and Hoov's approval?The larger question that remains undetermined, as of yet, is whether an individual is permitted to solicit interest and / or actively market a private placement of securities utilizing public internet chat boards such as Stockhouse and / or Agoracom to effect the sale of