KNIGHTSWOOD FINANCIAL CORP. ("KWF") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: December 16, 2003 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 10, 2003:
Number of Shares: 1,000,000 shares
Purchase Price: $0.05 per share
Warrants: 1,000,000 share purchase warrants to purchase 1,000,000 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 7 placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P / # of Shares New Insider=N [in the event warrants are exercised]
Steve McCoach Y 125,000 Hugh Cartwright Y 125,000 Maurice Levesque Y 250,000 Stanley Lanzet Y 125,000 Liza Lanzet Y 125,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. ________________________________________
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