ITEM 7.01 REGULATION FD DISCLOSURE.

Private Placement

On June 2, 2009, the sole director of Greenlite Ventures Inc. (the "Company") approved a private placement offering of up to 5,000,000 units (the "Units") at a price of $0.02 US per Unit, with each Unit consisting of one share of the Company's common stock and one share purchase warrant. Each share purchase warrant entitles the holder to purchase an additional share of common stock exercisable for a period of two years at a price of $0.05 US per share.

The private placement offering will be made to persons who are not "U.S. Persons" as defined in Regulation S.

The proceeds of the private placement offering will be used to retire corporate indebtedness and for general corporate purposes. There is no assurance that the private placement offering or any part of it will be completed.

The above does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities in the United States. The securities have not been registered under the United States Securities Act of 1933, as amended and may not be offered or sold within the United States or to U.S. persons unless an exemption from such registration is available.