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Re: Tackler post# 22

Friday, 12/31/2004 10:21:58 AM

Friday, December 31, 2004 10:21:58 AM

Post# of 25
Odyssey Resources four-million-share private placement

2004-12-24 14:05 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to Odyssey Resources Ltd.'s non-brokered private placement announced Nov. 19, 2004.


No. of shares: Four million shares

Purchase price: 12.5 cents per share

Warrants: Two million share purchase warrants to purchase two million shares

Warrant exercise price: 20 cents for a one-year period

No. of placees: One placee

Finder's fee: $35,000 in cash payable to I.I.F. S.A., Societe Anonyme, Luxembourg


Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

For further details, please refer to the company's news release dated Dec. 9, 2004.


T


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