Anthem United Inc. (Formerly Turnberry Resources Ltd.) Completes Reverse Take-Over and $5 Million Financing - Seite 2

Changes to the Board of Directors

Messrs. Greg Smith, Daniel O'Flaherty, Marcel de Groot and Mark Backens have been appointed as directors of the Company. Greg Smith has been appointed the President and Chief Executive Officer of the Company and Daniel O'Flaherty has been appointed Executive Vice President. Ms. Kylie Dickson has also been appointed the Chief Financial Officer of the Company.

Private Placement

The Company also completed its previously announced Private Placement offering of 25,239,500 units (the "Units") at a price of $0.20 per Unit for gross proceeds of $5,047,900.

Each Unit is comprised of one common share and one-quarter of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional common share at a price of $0.35 for a period of five years following the date of the closing of the Private Placement. The common shares, Warrants and any common shares issued upon the exercise of the Warrants are subject to a four month and one day hold period.

A portion of the Private Placement was conducted on a non-brokered basis, whereby, 12,739,500 Units were sold for gross proceeds of $2,547,900. The remaining portion of the Private Placement was conducted as a brokered private placement (the "Brokered Private Placement") by Tempest Capital Corp. ("Tempest Capital") as agent, who sold 12,500,000 Units for gross proceeds of $2,500,000.

In connection with the Brokered Private Placement, the Company may be considered to be a "connected issuer" to Tempest Capital under applicable Canadian securities legislation. Mr. David De Witt, a former director and the CEO of the Company, is a former shareholder of Tempest Capital.

Tempest Capital received a cash commission of $150,000, representing 6% of the gross proceeds of the Brokered Private Placement.

It is anticipated that the net proceeds from the Private Placement will be used by the Company for general working capital and to fund the Joint Venture for the construction and commissioning of the gold milling operation.

In connection with the RTO and pursuant to the Company's stock option plan, the Company granted incentive stock options to certain directors, officers and consultants of the Company to purchase up to an aggregate 960,000 common shares in the capital stock of the Company. The options are exercisable at a price of $0.20 per common share, will expire on April 16, 2019 and will vest in four equal parts over two years after the grant. Options issued to directors and officers will be subject to the Escrow Agreement as described above.