News Release
Februrary 26, 2002
PRIVATE PLACEMENT CLOSED
Further to its news release of November 23, 2001, Ballad Ventures Ltd. (the “Company”) announces the completion of its private placement of 2,000,000 units at $0.05 per unit. Each unit consists of one common share and one one-year non-transferable share purchase warrant with each such share purchase warrant entitling the holder thereof to purchase one additional common share of the Company at a price of $0.10 per share. The units are subject to a hold period and may not be traded until February 15, 2003 as to 400,000 units and until February 16, 2003 as to 1,600,000 units.
BALLAD VENTURES LTD.
Per:
Anthony J. Beruschi, President
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.