SYNODON INC. ("SYD")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: March 8, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 130,000 Units at a deemed price of $0.50 per Unit to settle outstanding promissory notes of $60,000 plus accrued interest. Each Unit consists of one common share and one-half of one share purchase warrant. Each whole warrant is exercisable for one additional common share at a price of $0.60 for a period of one year, or at $0.75 for the subsequent year.
Number of Creditors: 5 Creditors
The Company shall issue a news release when the Units are issued and the promissory notes are retired.
TSX-X
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