Ocean Park announces Increase in Financing
OCEAN PARK VENTURES CORP.
302 – 750 West Pender Street Vancouver, BC V6C 2T7 www.oceanparkventures.ca
TSX-V SYMBOL: OCP NEWS RELEASE Ocean Park announces Increase in Financing
April 21, 2011, Vancouver, B.C. - Ocean Park Ventures Corp. ("Ocean Park" or the “Company” ) (TSX- V: OCP) has increased its non-brokered private placement as previously reported in Stockwatch on April 13, 2011. The non-flow-through portion of the private placement has been increased from 10 million units to 11,350,000 units at 55 cents per unit. Each unit will consist of one common share and one-half share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share for $0.85 per share for a two year period.
If fully subscribed, total gross proceeds of the offering will be $9,492,500. All other terms of the private placement remain the same.
The financing remains subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four month hold period.
The funds raised from the financing will be used to fund exploration on the Trapper, Chisna and Adelita properties.
OCEAN PARK VENTURES CORP.
On behalf of the Board
"Paul Matysek"
Paul Matysek, Acting President and Chairman
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward -looking statements.
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