Thelon Capital is pleased to announce that it has closed the second traunch of $3,137,500 for a total of $4,762,900 non-brokered private placement at $0.45 a unit announced March 1, 2011. Each unit will consist of one common share and one 2-year share purchase warrant exercisable at $1.00 the first year and $1.25 the second. The shares will have a hold period until Aug 13, 2011. The placees included Mr. William
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