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GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More 

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Message: NEWS -Savers Plus Announces Closing of Final Tranche of $1 Million Unit Offering

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NEWS -Savers Plus Announces Closing of Final Tranche of $1 Million Unit Offering

posted on Apr 10, 07 01:22PM
TORONTO, April 10, 2007 - Savers Plus International Inc. ("Savers" or the "Company") (TSXV:SAV) announced today that the Company has, subject to TSX Venture Exchange final approval, completed the final tranche of a non-brokered private placement to accredited investors, of an aggregate of 696,000 units priced at $0.25 CDN per unit ("Unit"). Each Unit will comprise one common share ("Common Shares") and one half of one common share purchase warrant ("Warrants"). Each Unit has attached one half of one common share purchase warrant, valid for 18 months from the time of closing, with an exercise price of $0.35 CDN per common share. The Company may pay a cash finder's fee or commission to eligible participants. The capital raised will be used for strategic growth opportunities, and for general corporate purposes. About Savers Plus International Inc. Savers Plus International Inc., and its divisions, provide proprietary programs for clients to build brand, loyalty and revenues. Working with industry leading firms in the financial sector, real estate, insurance, gaming, media, telecommunications, entertainment, travel, automotive and services sectors, Savers initiates proprietary business building solutions that increase customer activity and strengthen customer-vendor relationships. Savers maintains a fully integrated creative, web, technology and graphics production facility to service its growing client base, and works with company owned and managed systems with vendors throughout North America and Europe. Savers have developed proprietary technologies for managing these programs and manufacturing its offerings. Savers' division, Eye Rock Digital, is a leading edge provider of video on demand, digital content, distribution, advertising and production. Eye Rock Digital aggregates and creates digital content aimed at the young, hip and technologically savvy young adult market. Eye Rock Digital develops programming for simultaneous delivery over broadband and wireless platforms. Savers Plus International Inc. is headquartered in Richmond Hill, Ontario, Canada. Its shares trade on the TSXV (symbol: SAV). The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. As previously announced, Savers proposed to change its name to Intertainment Media Inc. The Company verified the availability, and reserved the name Intertainment Media Inc. with the TSX Venture Exhchange and is pleased to announce that this name change was approved by the shareholders of the Corporation during a special shareholders meeting held on today’s date. A further press release will provide more details regarding this name change. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not undertake any duty to update any forward-looking statements. For further information: Corporate Inquiries David Lucatch CEO (905) 763-3510 http://www.saversplus.com Retail Investor Relations AGORACOM SAV@Agoracom.com http://www.agoracom.com/IR/saversplus Institutional Investor Relations Rosemont Advisory Inc. David Fletcher (416) 594-9361

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