Canadian Shells

[Tackler]

Covik Development 2.7-million-share private placement

2005-09-15 20:24 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 18, 2005.

Shares: 2.7 million

Price: 12 cents per share

Warrants: 2.7 million share purchase warrants to purchase 2.7 million shares

Exercise price: 15 cents for a one-year period

Placees: 24

Insiders: Oceanic Management Ltd. (Kaare Foy) 50,000; Karim S. Jiwa 70,000; Ian D. Lambert 30,000; Steven J. Kappelle 250,000

Pro groups: Glenn Thornberg 50,000; Shameen Mawji 80,000; Clive M. Stockdale 100,000; James Oleynick 150,000; Anthony P. Fierro 100,000; Nigel Selby 50,000; Martin Burian 100,000; Saleem Tyab 75,000; Sara Tyab 25,000