News Release
June 3, 2002
PRIVATE PLACEMENT
Ballad Ventures Ltd. (the “Company”) announces that it has agreed to a private placement of its securities to raise up to $400,000 which will consist of the sale of up to 2,666,666 units at $0.15 per unit, each unit consisting of one common share and one two-year non-transferable share purchase warrant with each such share purchase warrant entitling each holder to purchase one additional common share of the Company at a price of $0.20 per share.
The proceeds of the private placement will be used for general corporate purposes and in connection with the possible acquisitions of interests in resource properties including the Las Princesas gold/silver prospect in Northern Peru.
A finder’s fee may be payable in cash on a portion of the private placement. Both the finder’s fee and the private placement are subject to TSX Venture Exchange acceptance for filing.
BALLAD VENTURES LTD.
Per: “Anthony J. Beruschi”
Anthony J. Beruschi, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.