Biomass Secure Power Inc. (BMSPF)

[OCR8now]

.02 is cheap with a conv. price of .10

The Company also announces a private placement of $250,000 of convertible debentures. The debentures will not accrue interest and will be due eight months after closing of the Offering. The principal amount is convertible at a conversion price of $0.10 per Share unless converted at maturity in which event is convertible at a conversion price of $0.09 per Share. The proceeds of this placement will primarily be used to pay costs related to listing on the TSX-V