News Release
May 8, 2002
STOCK OPTIONS
Ballad Ventures Ltd. (the “Company”) that it has granted Incentive Stock Options on 792,066 shares of the Company’s capital stock, exercisable up to two (2) years at a price of $ 0.10 per share which price is not lower than the last closing price of the Company’s shares prior to this announcement less the applicable discount. The options granted may not be exercised until regulatory approval has been obtained and will be subject to any applicable regulatory hold periods.
Further to the Company’s news release of May 7, 2002 announcing a private placement of 2,000,000 units at $0.20 per unit, the Company announces that a finder’s fee will be payable in cash on a portion of the private placement. Both the private placement and the finder’s fee are subject to TSX Venture Exchange acceptance for filing.
BALLAD VENTURES LTD.
Per:
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.