Levon Closes Bought Deal and Non-Brokered Financings for Gross Proceeds of $11,100,000

Levon Resources Ltd. (TSXV:LVN) announced the closing of its bought deal private placement with Canaccord Genuity Corp. previously announced on August 17, 2010 of 13,334,000 Units at a price of CDN$0.75 per Unit for aggregate gross proceeds of CDN$10,000,500.

The press release is quoted as saying:

Levon paid the Underwriter a cash commission in the amount of $525,026 and issued to the Underwriter 1,066,720 warrants (the Underwriter’s Warrants). Each Underwriter’s warrant is exercisable to purchase one Share at a price of $1.00 for a period of 12 months from closing of the Offering.

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