Fifty-Plus to complete $100,000 financing
TORONTO, March 1, 2006 — Fifty-Plus.Net International Inc. announces that, subject to receipt of exchange approval, it proposes to carry out a private placement of units at a price of $0.10 per unit for proceeds of $100,000. Each unit will consist of one common share and one non-transferable share purchase warrant exercisable for a period of 12 months at a price of $0.15. The shares and any shares issued on the exercise of the warrants will be subject to restrictions on transfer for a period of four months from closing. The proceeds from the placement will be used for general working capital.
About Fifty-Plus.Net International Inc.
Fifty-Plus.Net International Inc. owns 50Plus.com, the leading Canadian web portal providing unique content, community and commerce for people over the age of 50. 50Plus.com is the online home of CARP, Canada’s Association for the Fifty-Plus, the country’s largest 50-plus advocacy group with more than 400,000 members and of CARP magazine, Canada’s magazine for people over the age of 50, with readership of over 840,000. Fifty-Plus.Net International Inc. also manages a number of other websites catering to the 50-plus demographi including TheSkillsMatch.ca, CARP.ca, 50PlusBestEmployers.com and DriveWise.ca.
Fifty-Plus.Net International Inc. trades under the symbol FPN on the TSX Venture Exchange.
Fifty-Plus.Net International Inc.
416-363-8748 Ext. 237
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.