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Synodon Inc. (the "Corporation") (TSX VENTURE:SYD) is pleased to announce a non-brokered private placement, whereby the Corporation intends to issue up to 40,000,000 units at a price of $0.05 per unit (the "Units") for gross proceeds of up to $2,000,000 (the "Offering"). The Units will be comprised of one Class A common share (the "Shares") and one Share purchase warrant (the "Warrants"). Each Warrant will entitle the holder to purchase one additional Share of the Corporation at a price of $0.065 per Share for a period of 36 months following the closing date of the Offering.