Toronto, Ontario - July 31st, 2008
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 10, 2008 and July 28, 2008:
Number of Shares: 16,680,000 shares
Purchase Price: $0.15 per share
Warrants: 8,340,000 share purchase warrants to purchase 8,340,000 shares
Warrant Exercise Price: $0.25 until July 9, 2010
Number of Placees: 27 placees
Insider / Pro Group Participation:
| Name |
Insider=Y, ProGroup =P |
# of Shares |
| Bruce Bent |
Y |
342,833 |
| Donald Green |
Y |
623,334 |
| Mark Herzog |
P |
1,650,000 |
| Rod Malcolm |
Y |
124,667 |
| David Woolford |
Y |
716,834 |
Finder's Fee: $153,755 in cash and 1,003,800 finders' warrants payable to Euroglobal Capital Partners Inc., Toronto, ON. Each finder's warrant entitles the holder to acquire one unit at $0.15 until July 9, 2010.
For further details, please refer to the Company's news releases dated July 10, 2008 and July 28, 2008.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information:
Richard W. Wertheim
Wertheim + Company Inc.
Email: wertheim(at)wertheim.ca
Phone:
(416) 594-1600, (416) 518-8479 (cell)
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