TSX Venture Exchange Daily Bulletins

VANCOUVER, May 4 /CNW/ -

TSX VENTURE COMPANIES:

AVATAR ENERGY LTD. ("AVG")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 29, 2011:

Number of Shares:            545,454 shares
             
Purchase Price:            $0.55 per share
             
Number of Placees:            2 placees
             
No Insider / Pro Group Participation.            
             
Finder's Fee:            Ironwood Energy Capital (HK) Ltd. - $21,000 cash

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.

________________________________________

BARD VENTURES LTD. ("CBS")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to the Second Tranche of a Non-Brokered Private Placement announced March 14, 2011:

Number of Shares:            2,975,000 shares      
                   
Purchase Price:            $0.08 per share      
                   
Warrants:            2,975,000 share purchase warrants to purchase 2,975,000 shares      
                   
Warrant Exercise Price:            $0.12 for a two year period      
                   
Number of Placees:            20 placees      
                   
Insider / Pro Group Participation:                  
                   

Name 
          Insider=Y /
ProGroup=P /  
   
# of Shares
                   
Finder's Fee:            $1,600 cash and 20,000 warrants exercisable at $0.12 into 20,000 common shares for two years payable to Macquarie Private Wealth Inc.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

________________________________________

BOLIVAR ENERGY CORP. ("BVR")
BULLETIN TYPE:  Private Placement-Brokered
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced January 25, 2011:

Number of Shares:            124,809,500 shares
             
Purchase Price:            $0.17 per unit
             
Warrants:            62,404,750 share purchase warrants to purchase 62,404,750 shares
             
Warrant Exercise Price:            $0.25 for a two year period
             
Number of Placees:            148 placees
             
No Insider / Pro Group Participation.            
Agent's Fee: 

          Raymond James - $541,049.18 cash
Haywood Securities - $541,049.18 cash
Paradigm Capital - $190,958.54 cash

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.

________________________________________

CANAM COAL CORP. ("COE")
BULLETIN TYPE:  Private Placement-Brokered
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced March 15, 2011:

Number of Receipts:            11,500 receipts      
                   
Purchase Price:            $1,000 per receipt      
                   
Receipt Conversion Price:            Convertible into one $1,000 principal amount convertible debenture ("Debenture") and 1,666 common share purchase warrants.      
                   
Debenture Conversion Price:            Convertible into 3,333 common shares per $1,000 principal amount      
                   
Maturity date:            April 11, 2014      
                   
Interest rate:            9.5% paid semi-annually      
                   
Warrants:            19,159,000 share purchase warrants to purchase 19,159,000 shares      
                   
Warrant Exercise Price:            $0.35 for a two year period      
                   
Number of Placees:            110 placees      
                   
Insider / Pro Group Participation:                  
                   

Name 
          Insider=Y /
ProGroup=P /  
   
# of Receipts
Gregory Flower 
799462 Alberta Ltd.
(Timothy Bergen
Timothy Bergen 
Johathan Legg 
1416891 Alberta Ltd.
(Jos De Smedt) 
Jos De Smedt 
P3 Strategy & Consulting Corp.
(Robert Power
John Bergen & Leila Bergen 
         









    50

40
5
200

40
35

200
100
                   
Agent's Fee: 








          Fraser Mackenzie Limited - $441,512.75 cash and 1,583,400 broker warrants
Salman Partners Inc. - $93,455.25 cash and 365,400 broker warrants
Canaccord Genuity Corp. - $62,303.50 cash and 243,600 broker warrants
Pope and Company Limited - $62,303.50 cash and 243,600 broker warrants
Mackie Research Capital Corporation - $6,125 cash
Wolverton Securities Ltd. - $7,000 cash
Maquarie Private Wealth Inc. - $42,000 cash
Wellington West Capital Inc. - $14,000 cash
Haywood Securities Inc. - $1,750 cash
Union Securities Ltd. - $350 cash
   







Each broker warrant is exercisable into one common share of the Company at a price of $0.30 per share for 24 months after closing.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.

________________________________________

CARMEN ENERGY INC. ("CEI.P")
BULLETIN TYPE: Resume Trading, Qualifying Transaction-Announced
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

Effective at the open, May 5, 2011, trading in the Company's shares will resume.

Further to the Company's April 25, 2011 news release, regarding the proposed acquisition of certain oil and gas assets comprised of (i) an oil well and specified undeveloped lands in the Jumpbush area of Alberta, and (ii) freehold and crown leases in the Ferrybank are of Alberta (the 'Qualifying Transaction'), TSX Venture Exchange has granted the Company an exemption from sponsorship requirements.

This resumption does not constitute acceptance of the Qualifying Transaction and should not be construed as an assurance of the merits of the transaction or the likelihood of completion.  The Company is required to submit all of the required initial documentation relating to the Qualifying Transaction within 75 days of the issuance of the news release.  IF THIS DOCUMENTATION IS NOT PROVIDED, OR IS INSUFFICIENT, A TRADING HALT MAY BE RE-IMPOSED.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and majority of the minority shareholder approval. Prior to the Exchange granting final acceptance of the Qualifying Transaction, the Company must satisfy the Exchange's Minimum Listing Requirements.  There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance.  SHOULD THIS OCCUR, A TRADING HALT MAY BE RE-IMPOSED.

________________________________________

CASSIUS VENTURES LTD. ("CZ")
BULLETIN TYPE:  Halt
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

Effective at 7:12 a.m. PST, May 4, 2011, trading in the shares of the Company was halted at the request of the Company, pending an announcement; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

________________________________________

CASSIUS VENTURES LTD. ("CZ")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2

Effective at 11:00 a.m., PST, May 4, 2011, shares of the Company resumed trading, an announcement having been made over Market News Publishing.

________________________________________

CHEMAPHOR INC. ("CFR")
BULLETIN TYPE:  Private Placement-Brokered
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the documentation with respect to a Brokered Private Placement announced on April 13, 2011:

Number of Shares:            5,860,000 common shares  
               
Purchase Price:            $0.10 per common share  
               
Warrants:            2,930,000 warrants to purchase 2,930,000 common shares  
               
Warrant Exercise Price:            $0.10 for a 24-month period  
               
Number of Placees:            35 placees  
               
Insider / Pro Group Participation:              
               

Name
          Insider = Y /
Pro Group = P

Number of Shares
Brian Bloom
Richard J. Kostoff
Bernhard Hensel
Wayne McNeill
Nicholas Shinder
Thierry Tremblay
          P
P
P
P
P
P
200,000
1,000,000
250,000
1,000,000
100,000
100,000
               
Agents:            Bloom Burton & Co, Union Securities Ltd., CIBC World Markets, Macquarie Private Wealth Inc.  
               
Agents' Fee:            $47,600 in cash and compensation warrants to purchase a total of 476,000 common shares at an exercise price of $0.10 per share until April 29, 2013.

The Company has confirmed the closing of the above-mentioned Private Placement by way of a press release dated April 29, 2011.

CHEMAPHOR INC. ("CFR")
TYPE DE BULLETIN : Placement privé par l'entremise d'un courtier
DATE DU BULLETIN : Le 4 mai 2011
Société du groupe 2 TSX Croissance

Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé par l'entremise d'un courtier, tel qu'annoncé le 13 avril 2011 :

Nombre d'actions :          5 860 000 actions ordinaires      
                 
Prix :          0,10 $ par action ordinaire      
                 
Bons de souscription :          2 930 000 bons de souscription permettant de souscrire à 2 930 000 actions ordinaires      
                 
Prix d'exercice des bons :          0,10 $ pour une période de 24 mois      
                 
Nombre de souscripteurs :          35 souscripteurs      
                 
Participation des initiés / Groupe Pro :                
                 

Nom
        Initié = Y /
Groupe Pro = P
   
Nombre d'actions
Brian Bloom
Richard J. Kostoff
Bernhard Hensel
Wayne McNeill
Nicholas Shinder
Thierry Tremblay
        P
P
P
P
P
P
    200 000
1 000 000
250 000
1 000 000
100 000
100 000
                 
Agents:          Bloom Burton & Co, Union Securities Ltd., CIBC World Markets, Macquarie Private Wealth Inc.      
                 
Commission des agents :           47 600 $ en espèces et bons de souscription permettant de souscrire 476 000 actions au prix d'exercice de 0,10 $ l'action jusqu'au 29 avril 2013

La société a confirmé la clôture du placement privé par voie de communiqué de presse le 29 avril 2011.

_______________________________

COMMANDER RESOURCES LTD. ("CMD")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 11, 2011 and April 26, 2011:

First Tranche:

Number of Shares:            5,638,332 shares      
                   
Purchase Price:            $0.24 per share      
                   
Warrants:            2,819,166 share purchase warrants to purchase 2,819,166 shares      
                   
Warrant Exercise Price:            $0.30 for a two year period      
                   
Number of Placees:            17 placees      
                   
Insider / Pro Group Participation:                  
                   

Name 
          Insider=Y /
ProGroup=P /  
   
# of Shares
Brian Christie 
Eric W. Norton 
Joanne Lang 
John Lang 
         


    30,000
50,000
75,000
75,000
                   
Finder's Fee:            $37,800 cash payable to Canaccord Genuity Corp.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.  Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

________________________________________

FAIRWEST ENERGY CORPORATION ("FEC")
BULLETIN TYPE:  Private Placement-Non-Brokered, Convertible Debenture/s, Amendment
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has consented to the extension in the expiry date of the following Debenture:

Convertible Debenture:            $5,500,000
             
Original Expiry Date of Debenture:            March 31, 2012
             
New Expiry Date of Debenture:            December 31, 2012
             
Conversion Price:            Convertible into common shares at a price of $0.15 per share of principal outstanding.

These Debentures were issued pursuant to a private placement of which was accepted for filing by the Exchange effective April 28, 2011.

________________________________________

GOLDRUSH RESOURCES LTD. ("GOD")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing an acquisition agreement dated December 31, 2010 between Goldrush Resources Ltd. (the "Company") and L. Francis Zombre ("Zombre") whereby the Company will acquire a the Gonaba-Est mining permit located in southeastern Burkina Faso.  Total consideration for the agreement consists of approximately US$150,000 (75 million West African CFA francs) and 20,000 shares.

                      CAS           SHARES
Upon signing 
Year 1 
18 months after signing 
Year 2 
                    US$30,000 
US$40,000 
US$40,000 
US$40,000 
          20,000
N/A
N/A
N/A

If an economic mining operation is established on the permits, Zombre will retain a 3% net profits interest.

________________________________________

GOLDRUSH RESOURCES LTD. ("GOD")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing an acquisition agreement dated December 11, 2010 between Goldrush Resources Ltd. (the "Company") and Societe Miniere Kindo Adama ("Somika'), a private Burkinabe company whereby the Company will acquire two mining permits known as the Liki and Nakiambouri permits.  The Liki permit is located in north central Burkina Faso and the Nakiambouri permit is located in southeastern Burkina Faso.  Total consideration for the agreement consists of approximately US$106,000 (53 million West African CFA francs) and 40,000 shares.

                                CASH            SHARES
Upon signing 
Year 1 
                              US$56,000 
US$50,000
          40,000

If an economic mining operation is established on the permits, Somika will retain a 5% net profits interest.

________________________________________

GOLDRUSH RESOURCES LTD. ("GOD")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing an acquisition agreement dated December 31, 2010 between Goldrush Resources Ltd. (the "Company") and L. Francis Zombre ("Zombre") whereby the Company will acquire a the Gonaba-Est mining permit located in southeastern Burkina Faso.  Total consideration for the agreement consists of approximately US$150,000 (75 million West African CFA francs) and 20,000 shares.

                          CASH            SHARES
Upon signing 
Year 1 
18 months after signing 
Year 2 
                        US$30,000 
US$40,000 
US$40,000 
US$40,000 
          20,000
N/A
N/A
N/A

If an economic mining operation is established on the permits, Zombre will retain a 3% net profits interest.

________________________________________

HULDRA SILVER INC. ("HDA")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing an acquisition agreement (the "Agreement") dated March 30, 2011 whereby a subsidiary of Huldra Silver Inc. (the "Subsidiary") will acquire all of the outstanding shares of Craigmont Holdings Ltd. ("Craigmont"), a private British Columbia company.  Craigmont holds real property which will be used to process ore derived from Huldra Silver Inc.'s Treasure Mountain Project.

Total consideration for the acquisition consists of 372,000 Huldra Silver Inc. shares, $500,000 payable upon closing, $3,000,000 payable on January 31, 2012 and up to $4,000,000 payable on January 31, 2013.

For further information please see the Company's news release dated March 31, 2011.

________________________________________

INTIGOLD MINES LTD. ("IGD")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 23, 2010 and February 28, 2011:

Number of Shares:            4,000,532 shares      
                   
Purchase Price:            $0.30 per share      
                   
Warrants:            4,000,532 share purchase warrants to purchase 4,000,532 shares      
                   
Warrant Exercise Price:            $0.45 for a one year period      
                   
Number of Placees:            63 placees      
                   
Insider / Pro Group Participation:                  
                   

Name 
          Insider=Y /
ProGroup=P /  
   
# of Shares
Senojoc Management Inc.
(Lori McClenahan) 
Tina Whyte 
Jamie Rainbird 
Kulwant Sandher 
Bob Tassone 
Lynn Duncan 
Michael Sprissinger 
         






   
83,333
30,000
150,000
33,333
23,333
16,555
20,000
                   
Finders' Fees: 
          $10,116 payable to Canaccord Genuity Corp.
$5,000 and 16,800 shares payable to 0824712 BC Ltd. (Jeffrey Ruskowsky)

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.  Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

________________________________________

MEXIVADA MINING CORP. ("MNV")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 22, 2011 and revised April 19, 2011:

Number of Shares:            5,350,000 shares      
                   
Purchase Price:            $0.10 per share      
                   
Warrants:            2,675,000 share purchase warrants to purchase 2,675,000 shares      
                   
Warrant Exercise Price:            $0.16 for an 18 month period      
                   
Number of Placees:            26 placees      
                   
Insider / Pro Group Participation:                  
                   

Name 
          Insider=Y /
ProGroup=P /  
   
# of Shares
Richard Redfern                100,000
                   
Finders' Fees: 


          $4,000 cash and 40,000 finder's units payable to D&D Securities Inc.
$11,200 cash and 140,000 finder's units payable to AIP-Kingsmont Investment Management Inc.
$20,000 cash and 200,000 finders units to Canaccord Genuity Corp.
$1,200 cash and 12,000 finders units to Global Securities Corporation
   


            - Finders units comprise one share and one half warrant, each full warrant is exercisable at $0.16 for 18 months.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

________________________________________

NEPTUNE TECHNOLOGIES & BIORESSOURCES INC. ("NTB")
BULLETIN TYPE:  Private Placement-Brokered
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the documentation with respect to a Brokered Private Placement announced on April 19, 2011 and April 20, 2011:

Number of Shares:            2,365,160 common shares
             
Purchase Price:            $2.15 per common share
             
Warrants:             591,290 warrants to purchase 591,290 common shares
             
Warrants Exercise Price:             $2.65 for a period of 18 months following the closing of the Private Placement
             
Number of Placees:            20 placees
             
Agents:            Jones Gable & Company Ltd, Mackie Research Capital Corp. and Haywood Securities Inc.
             
Agent's Fee:            $395,110.80 in cash

The Company has announced the closing of that private placement pursuant to a news release dated May 3, 2011.

NEPTUNE TECHNOLOGIES & BIORESSOURCES INC. (« NTB »)
TYPE DE BULLETIN : Placement privé par l'entremise d'un courtier
DATE DU BULLETIN : Le 4 mai 2011
Société du groupe 2 de TSX Croissance

Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé par l'entremise d'un courtier, tel qu'annoncé le 19 avril et 20 avril 2011 :

Nombre d'actions :          2 365 160 actions ordinaires
           
Prix :          2,15 $ par action ordinaire
           
Bons de souscription :          591 290 bons de souscription permettant d'acquérir 591 290 actions ordinaires
           
Prix d'exercice des bons de Souscription :          2,65 $ us pour une période de 18 mois suivant la clôture du placement privé
           
Nombre de souscripteurs :          20 souscripteurs
           
Agent:          Jones Gable & Company Ltd, Mackie Research Capital Corp. and Haywood Securities Inc.
           
Commission à l'agent:          395 110,80 $ en espèces.

La société a annoncé la clôture du placement privé dans le cadre d'un communiqué de presse daté du 3 mai 2011.

___________________________________________________

STROUD RESOURCES LTD. ("SDR")
BULLETIN TYPE:  Property-Asset or Share Disposition Agreement
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation pertaining to an Option Agreement (the "Agreement"), dated April 28, 2011, between Stroud Resources Ltd. (the "Company"), and St. Andrew Goldfields Ltd. (the "Optionee"), whereby the Company has granted the Optionee an option to earn up to a 60% undivided interest in certain mining claims (the "Hislop Project"), located near Timmins, northern Ontario.

For further details, please refer to the Company's news release dated April 28, 2011.

________________________________________

ZONE RESOURCES INC. ("ZNR")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  May 4, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for expedited filing documentation of an Option Agreement dated April 25, 2011 between the Company and Ken Smith (the "Optionor") whereby the Company may acquire a 100% undivided interest in the Moore-Ross Iron Property (the "Property"), consisting of 4,000 hectares, located in Nunavik, Northern Quebec, Canada.

The consideration payable to the Optionor consists of cash payments totaling $215,000 and share issuances of a total of 2,150,000 common shares of the Company payable over a four-year period.

The Optionor shall retain a 2% Net Smelter Return Royalty.  The Company shall have the option to purchase 1% of the NSR for the sum of $1,000,000.

________________________________________

NEX COMPANY:

ALGAE BIOSCIENCES CORPORATION ("ABV")
[formerly Triwood Capital Corp. ("TRD.H")]
BULLETIN TYPE: Reinstated For Trading, Qualifying Transaction-Completed/New Symbol, Prospectus-Share Offering, Name Change, Graduation From NEX to TSX Venture
BULLETIN DATE:  May 4, 2011
NEX Company

Reinstated For Trading

Further to TSX Venture Exchange Bulletin dated September 13, 2010 the Company has now completed its Qualifying Transaction, as set forth below.

Effective at the opening, May 5, 2011 trading will be reinstated in the securities of the Company (CUSIP: 01551T 10 7).

Qualifying Transaction Completed/New Symbol

TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Prospectus dated March 29, 2011.  As a result, at the opening on May 5, 2011 , the Company will no longer be considered a Capital Pool Company.  The Qualifying Transaction involves the completion of the arm's length acquisition of Algae Biosciences Corporation (ABC), a private biotechnology company that produces proprietary products from microalgae.

Pursuant to a merger agreement dated January 28, 2011, as amended February 1, 2011, the Company, its wholly owned Delaware incorporated subsidiary, and ABC agreed to carry out a plan of merger (the Merger) whereby the Company agreed to acquire all the outstanding shares and warrants of ABC, through the issuance of 34,048,250 common shares of the Company at a deemed price of $0.20 per share for aggregate deemed consideration of about $6,809,650, along with the issuance of 1,336,579 warrants of the Company to replace the existing warrants of ABC.

As a condition of the Merger, the Company was required to complete a concurrent prospectus offering, as set forth below.

The Exchange has been advised that the above transactions have been completed.

Insider / Pro Group Participation:


Nam
                    Insider=Y /
ProGroup=P 
             
    # of Shares
Andrew Ayers   
Robert J. Thompson  
Laurence Luke   
                    Y      
Y      
Y        
                    9,686,173
1,200,663
294,280

In addition, the Exchange has accepted for filing the following:

Prospectus-Share Offering

Effective April 1, 2011, the Company's Prospectus dated March 29, 2011 was filed with and accepted by TSX Venture Exchange, and receipted by the Alberta, British Columbia, Ontario, and Saskatchewan Securities Commissions pursuant to the provisions of the respective Securities Acts.

TSX Venture Exchange has been advised that closing occurred on April 13, 2011 for gross proceeds of $5,750,000.

Agents:            Macquarie Private Wealth Inc.
             
Offering:            28,750,000 common shares
             
Share Price:            $0.20 per share
             
Agents' Warrants:            2,875,000 non-transferable warrants each exercisable to purchase one share at $0.20 per share to April 13, 2013.

Name Change

Pursuant to a resolution passed by shareholders on December 13, 2010 the Company has changed its name from Triwood Capital Corp. to Algae Biosciences Corporation.  There is no consolidation of capital.

Effective at the opening May 5, 2011, the common shares of Algae Biosciences Corporation will commence trading on TSX Venture Exchange, and the common shares of Triwood Capital Corp. will be delisted.

Graduation From NEX To TSX Venture

The Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective on May 5, 2011, the Company's listing will transfer from NEX to TSX Venture, the Company's Tier classification will change from NEX to Tier 2 and the Filing and Service Office will change from NEX to Calgary

The Company is classified as a 'medicinal and botanical manufacturing' company.

Capitalization: 

Escrow: 



          unlimited
68,073,250
18,472,184
16,368,517
46-201
1,203,667
900,000
common shares with no par value of which
common shares are issued and outstanding
common shares, of which
common shares are subject to a National Policy
escrow agreement,
common shares are subject to Tier 2 Value Escrow Agreements, and
common shares are subject to a CPC Escrow agreement
               
Transfer Agent:            Valiant Tust Company
Trading Symbol: 
CUSIP Number: 
          ABV
01551T 10 7
(new)
(new)
               
Company Contact: 
Company Address: 

Company Phone Number: 
Company Fax Number: 
          Andrew Ayers, Chief Executive Officer
4070 Lonely Pine Lane
Clay Springs, Arizona 85923
(928) 240-1060
(928) 268-3579

________________________________

 

For further information:

Market Information Services at 1-888-873-8392, or email: information@venture.com


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