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HABIBI RESOURCES CORP ("HAB-V") - Private Placement and Refinancing The Company has arranged a non-brokered private placement of 5,962,500 shares at $0.05 per share. There are no finders fees or commissions. The private placement is subject to the approval of the TSX Venture Exchange. The Company has accepted a loan from Stanley Lanzet in the principal amount of $540,000 US in consideration for which Mr. Lanzet will be issued 1,099,227 shares of the Company's common stock as a bonus. The loan shall bear interest at a rate of 8% per annum, payable semi-annually. The issue of bonus shares is subject to the approval of the TSX Venture Exchange.
HABIBI RESOURCES CORPORATION Per: WILLIAM E. SCHMIDT, Secretary