Replies to post #2259 on Tackler's trades

[Tackler]

thats the plan, insiders taking all the pp, options, usual stuff, get the latex on and have fun...

The company has also arranged a non-brokered private placement, subject to regulatory approval, of up to 15 million units of the company at a price of 10 cents per unit. Each unit will consist of one common share in the capital of the company and one share purchase warrant, each warrant entitling the holder to purchase a common share at a per share price of 18 cents for two years from the date of closing of the financing. All securities issued will be subject to a four-month hold period from the date of issuance. The proceeds from the private placement will be used, in part, to make the first payment for the property and for general corporate purposes.

In addition, Avalanche has granted a total of 2.4 million incentive stock options pursuant to its option plan to its directors, officers and employees. The options are exercisable at price of 12 cents until April 3, 2013.

Avalanche will, subject to exchange and shareholder approval, implement a share consolidation on the basis of one new share for four old shares. In conjunction with the share consolidation, Avalanche will seek shareholder approval to change its name. Avalanche expects to call a special meeting of its shareholders on or about June 5, 2008, to obtain shareholder approval for the consolidation and name change.