TSX Venture Exchange Daily Bulletins

VANCOUVER, May 27, 2011 /CNW/ -

TSX VENTURE COMPANIES:

CANUC RESOURCES CORPORATION ("CDA")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation pertaining to a Share Purchase Agreement, dated April 15, 2011, between Canuc Resources Corp. (the "Company"), and several arm's-length and non arm's-length parties (collectively, the "Vendors"), whereby the Company has agreed to acquire Mid Tex Oil and Gas Corporation ("MidTex") - a private Ontario corporation with oil and gas assets in Stephens County, Texas.

As part of the acquisition, the Company will also acquire certain outstanding working interests in the mineral rights that form part of the assets being acquired.

In consideration for MidTex and related working interests, the Company has agreed to issue 3,600,000 common shares at a deemed value of $0.20 per share to the Vendors.

Insider / Pro Group Participation:


Name 
                          Insider=Y /
ProGroup=P 
                                 
# of Shares
Chris Berlet 
Ken Murton 
Gary Lohman 
                         

                                    792,000
396,000
144,000

For further details, please refer to the Company's new release dated March 4, 2011.

________________________________________

EQUITAS RESOURCES CORP. ("EQT")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing an acquisition agreement (the "Agreement") dated July 20, 2010 between Equitas Resources Corp. (the "Company"), Zimtu Capital Corp. ("Zimtu") and 877384 Alberta Ltd. ("877384 AB") pursuant to which the Company has agreed to acquire a 100% interest the Day Property (the "Property") located in British Columbia, Canada from Zimtu and 877384 AB.   Total consideration payable by the Company in connection with the Agreement is $50,000 cash and the issuance of 5,000,000 common shares.

Disinterested shareholders approved the acquisition of the Property at the Company's Annual General Meeting held in Vancouver, BC on September 8, 2010.

Insider / Pro Group Participation:                                                      

Name 
          Insider=Y /
ProGroup=P 
                                     
# of Shares
Zimtu 
877384 AB (Debbie Dahrouge) 
         
                                        2,500,000
2,500,000

For further information on the above noted transaction please read the Company's news release dated August 3, 2010 available on SEDAR.

________________________________________

EXCEL GOLD MINING INC. ("EGM")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: May 27, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 525,000 common shares to settle outstanding debts of $122,500.

Number of Creditors:                      1 creditor

The Company will issue a news release when the shares are transferred and the debt is settled.

LES MINES EXCEL GOLD INC. (« EGM »)
TYPE DE BULLETIN : Émission d'actions en règlement d'une dette
DATE DU BULLETIN : Le 27 mai 2011
Société du groupe 2 de TSX Croissance

Bourse de croissance TSX a accepté le dépôt de la documentation de la société en vertu de l'émission proposée de 525,000 actions ordinaires en règlement de dettes totalisant 122 500 $.

Nombre de créanciers :                  1 créancier

La société émettra un communiqué de presse quand les actions seront transférées et la dette éteinte.

________________________________________

FREE ENERGY INTERNATIONAL INC. ("FFX")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: May 27, 2011
TSX Venture Tier 2 Company

Further to TSX Venture Exchange Bulletin dated May 10, 2011, the Exchange has been advised that the Cease Trade Order issued by the British Columbia Securities Commission on May 10, 2011 has been revoked.

Effective at the opening, Monday, May 30, 2011, trading will be reinstated in the securities of the Company (CUSIP 35613L 10 8).

_______________________________________

LEISURE CANADA INC. ("LCN")("LCN.RT")
BULLETIN TYPE:  Rights Offering-Shares
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 1 Company

The Company has announced it will offer to Shareholders of record on June 9, 2011, Rights to purchase shares of the Company.  One (1) Right will be issued for each share held.  Four Rights and $0.12 are required to purchase one Share.  The expiry date for the Rights Offering is July 6, 2011.  As at May 24, 2011 the Company had 166,078,156 shares issued and outstanding.

Effective at the opening, June 7, 2011, the shares of the Company will trade Ex-Rights and the Rights will commence trading at that time on a 'when-issued basis'.  The Company is classified as a 'Real Estate Investment and Development' company.

Summary:

Basis of Offering:                Four (4) Rights exercisable for One (1) Share at $0.12 per Share.
                 
Record Date: 
Shares Trade Ex-Rights: 
Rights Called for Trading: 
Rights Trade for Cash: 
              June 9, 2011
June 7, 2011
June 7, 2011
June 30, 2011
- Trading in the rights shall be for cash for the three trading days preceding the expiry date.
Rights Expire:                July 6, 2011
                 
Rights Trading Symbol: 
Rights CUSIP Number: 
Subscription Agent and Trustee: 
Authorized Jurisdictions: 





















LCN.RT
524911138 
Computershare Trust Company of Canada
British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, Nunavut, Northwest Territories and Yukon.

For further details, please refer to the Company's Rights Offering Circular dated May 25, 2011.

The Company's Rights Offering Circular has been filed with and accepted by the Securities Commissions of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, and Securities Offices of Prince Edward Island, Newfoundland & Labrador, Nunavut, Yukon and Northwest Territories Office of the Superintendent of Securities and L'autorité des marches financier pursuant to the provisions of the Securities Acts of each respective province and territory.

________________________________________

LONGREACH OIL AND GAS LIMITED ("LOI")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 2 Company

Effective at 6:30 a.m., PST, May 27, 2011, shares of the Company resumed trading, an announcement having been made over Stockwatch.

________________________________________

LYRTECH INC. ("LTK")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: May 27, 2011
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 1 012 419 common shares at a deemed price of $0.15 per share, to settle outstanding debts of $151,863.01.

Number of Creditors:                  2 creditors

The Company has issued a news release dated May 20, 2011 in connection with that transaction.

LYRTECH INC. (« LTK »)
TYPE DE BULLETIN : Émission d'actions en règlement d'une dette
DATE DU BULLETIN : Le 27 mai 2011
Société du groupe 1 de TSX Croissance

Bourse de croissance TSX a accepté le dépôt de la documentation de la société en vertu de l'émission proposée de 1 012 419 actions ordinaires au prix réputé de 0,15 $ l'action, en règlement de dettes de 151 863,01 $.

Nombre de créanciers :              2 créanciers

La société a émis un communiqué de presse daté du 20 mai 2011 relativement à cette transaction.

________________________________________

MESSINA MINERALS INC. ("MMI")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing an option agreement dated March 29, 2011 between Messina Minerals Inc. (the 'Company'), Celtic Minerals Ltd. (a TSX Venture listed company), and Merrex Gold Inc. (a TSX Venture listed company), whereby the Company will acquire a 100% interest in the Sutherlands and Hungry Hill properties located near Red Indian Lake, central Newfoundland.

Total consideration consists of 1,000,000 shares of the Company.

In addition, there is an aggregate 2% net smelter return relating to the acquisition (1% payable to each vendor).  The Company may at any time purchase up to 1% of the net smelter return for $500,000 for each 0.5% interest in order to reduce the total net smelter return to 1%.

________________________________________

MESSINA MINERALS INC. ("MMI")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing an option agreement dated April 8, 2011 between Messina Minerals Inc. (the 'Company') and Celtic Minerals Ltd. (a TSX Venture listed company), whereby the Company will acquire a 100% interest in the Victoria Mine property located near Red Indian Lake, central Newfoundland.

Total consideration consists of 1,000,000 shares of the Company.

In addition, there is a pre-existing underlying 2% net smelter return relating to the acquisition.  There is also pre-existing payment of $1,000,000 upon commencement of commercial production, payable in cash or the share equivalent, which is subject to further Exchange approval if such payment is to be made in shares.

________________________________________

NORDIC OIL AND GAS LTD. ("NOG")
BULLETIN TYPE:  Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE:  April 29, 2011
TSX Venture Tier 2 Company

This is a first tranche closing

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

Convertible Debenture:            $545,000            
                         
Conversion Price:            Convertible into Class A Common Shares            
                         
Maturity date:            Three years from the date of issuance             
                         
Interest rate:            10% per annum            
                         
Number of Placees:            20 placees            
                         
Insider / Pro Group Participation:                        
                         

Name 
          Insider=Y /
ProGroup=P /  
         
Principal Amount
Donald Benson                      70,000
                         
Finder's Fee: 

          Union Securities - $20,000 cash
Jeffrey Stromberg - $7,700 cash
MGI Securities - $8,600 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.

________________________________________

NORDIC OIL AND GAS LTD. ("NOG")
BULLETIN TYPE:  Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 2 Company

This is the final tranche closing

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

Convertible Debenture:            $158,000            
                         
Conversion Price:            Convertible into Class A Common Shares            
                         
Maturity date:            Three years from the date of issuance             
                         
Interest rate:            10% per annum            
                         
Number of Placees:            10 placees            
                         
Insider / Pro Group Participation:                        
                         

Name 
          Insider=Y /
ProGroup=P /  
         
Principal Amount
Donald Benson                      70,000
                         
Finder's Fee:            MGI Securities - $14,600 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.

________________________________________

NORTHQUEST LTD. ("NQ")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 5, 2011:

Number of Shares: 
          2,257,423 flow-through shares and
435,000 non flow-through shares
             
Purchase Price: 
          $1.05 per flow-through share
$0.80 per non flow-through share
             
Warrants:            1,346,211 share purchase warrants to purchase 1,346,211 shares
             
Warrant Exercise Price: 
          $1.50 for a two year period (flow-through)
$1.65 for a two year period (non flow-through)
             
Number of Placees:            26 placees
             
Finder's Fee:            $179,255 cash commission and 175,886 finder's warrants payable to NCP Northlands Capital Partners Inc.  Each finder's warrant entitles the holder to acquire one common share at $1.00 for a two year period.

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.

For further details, please refer to the Company's news release dated May 6, 2011.

________________________________________

NORTH AMERICAN NICKEL INC. ("NAN")
BULLETIN TYPE:  New Listing-Shares, Private Placement-Non-Brokered
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 2 Company

1. New Listing-Shares

Effective at the opening Monday, May 30, 2011, the common shares of the Company will commence trading on TSX Venture Exchange.  The Company is classified as a 'Mineral Exploration' company.

The Company is presently trading on OTC Bulletin Board.

Corporate Jurisdiction:                 British Columbia  
                     
Capitalization: 

Escrowed Shares: 
                Unlimited 
36,181,730 
20,384,000 
common shares with no par value of which
common shares are issued and outstanding
common shares are subject to 36 month staged release escrow
                     
Transfer Agent: 
Trading Symbol: 
CUSIP Number: 
                Computershare Investor Services Inc.
NAN
65704T 108

For further information, please refer to the Company's Listing Application dated April 21, 2011.

Company Contact: 
Company Address: 

Company Phone Number: 
Company Fax Number: 
Company Email Address: 
          Richard Mark
301 - 260 W. Esplanade St.,
North Vancouver, BC  V7M 3J7
(604) 986-2020
(604) 986-2021
info@northamericannickel.com

2. Private Placement-Non-Brokered

Concurrent with the New Listing, TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 3, 2011:

Number of Shares: 
          4,545,463 Flow-Through common shares ("FT Shares")
11,000,000 Non Flow-Through common shares ("NFT Shares")
   
                   
Purchase Price: 
          $0.22 per FT Share
$0.20 per NFT Share
   
                   
Warrants:            11,000,000 share purchase warrants to purchase 11,000,000 shares      
                   
Warrant Exercise Price:            $0.35 for an 18-month period, subject to earlier expiry in the event the closing price of the shares is greater than $0.50 per share for a period of 20 consecutive trading days      
                   
Number of Placees:            94 placees      
                   
Insider / Pro Group Participation:                  
                   

Name 
          Insider=Y /
ProGroup=P /  
   
# of Shares
VMS Ventures Inc. 
Marion Nelson 
Evan Sleeman 
Cheryl Burian 
Barry Muir 
John Roozendaal 
Richard Mark 
Donald A. Whalen 
Doug Corrigan 
Shelley Hoodspith 
Colin Hoodspith 
         









    5,025,000
50,000
50,000
75,000
100,000
130,000
100,000
137,000
143,181
25,000
25,000
                   
Finder's Fee:            $23,590 cash, 126,000 shares ("Finder's Shares") and 243,950 share purchase warrants ("Finder's Warrants") are payable as follows:      
                   





          $11,620 cash and 58,100 Finder's Warrants payable to Canaccord Genuity Corp.
$9,590 cash and 47,950 Finder's Warrants payable to Haywood Securities Inc.
$980 cash and 4,900 Finder's Warrants payable to Mackie Research Capital Corporation.
$1,050 cash and 5,250 Finder's Warrants payable to Global Maxfin Capital Inc.
$350 cash and 1,750 Finder's Warrants payable to Leede Financial Markets Inc.
126,000 Finder's Shares and 126,000 Finder's Warrants payable to Raymond James Ltd.
   




                   
            The Finder's Warrants are exercisable at $0.35 for a period of 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.

________________________________________

PETROKAMCHATKA PLC ("PKP")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 2 Company

Effective at 6:30 a.m., PST, May 27, 2011, shares of the Company resumed trading, an announcement having been made over Stockwatch.

________________________________________

SONNENENERGY CORP. ("PWR")
BULLETIN TYPE:  Company Tier Reclassification, Remain Suspended
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 1 Company

In accordance with Policy 2.5, the Company has not maintained the requirements for a Tier 1 company.  Therefore, effective the close, Friday, May 27, 2011, the Company's Tier classification will change from Tier 1 to:

Classification

Tier 2

Further to the TSX Venture Bulletin dated May 11, 2011, trading in the Company's securities will remain suspended.

Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.

________________________________________

VALUCAP INVESTMENTS INC. ("V")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing an Option Agreement dated December 17, 2010, as amended on March 31, 2011 between the Company and NorthStar Bancorp Limited ("NorthStar"), whereby the Company has an option (the "Option") to acquire a 23% equity interest (225,365 Common Shares, 792,041 Series A-1 Preferred Shares and 2,698,394 Series A-2 Preferred Shares) in Elliptic Technologies Inc. for $429,011 at any time on or before June 30, 2011. Pursuant to the Option Agreement, the Company may satisfy the Option exercise price by issuing to NorthStar units at $0.10 per unit (each unit consisting of one common share of the Company and one warrant to purchase one common share exercisable at a price of $0.16 for 18 months from its date of issue).

Insider / Pro Group Participation:                                                      
                                                       

Name 
          Insider=Y /
ProGroup=P 
                                     
# of Shares
NorthStar Bancorp Limited
(Jeffrey Watts, Anthony
Cosentino and Magaly Bianchini)
         

                                     

4,290,110

For further information see the Company's news release dated January 25, 2010

________________________________________

VERISANTE TECHNOLOGY, INC. ("VRS")
BULLETIN TYPE:  Shares for Services
BULLETIN DATE: May 27, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 36,364 shares at a deemed price of $0.55, in consideration of certain services provided to the company pursuant to an agreement dated March 1, 2011.

The Company shall issue a news release when the shares are issued.

________________________________________

VIKING GOLD EXPLORATION INC. ("VGC")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  May 27, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation pertaining to a Property Sale Agreement (the "Agreement") dated May 10, 2011, between Viking Gold Exploration Inc. (the "Company"), and Freewest Resources Canada Inc. (the "Vendor"), whereby the Company has agreed to acquire a 70% interest in 44 mining claims (the "Verneuil Property"), located in the Abitibi region of Quebec, and a 100% interest in 16 mining claims (the "Larose Property") located in Northwestern Ontario.

In exchange for an interest in these properties, the Company will issue 1,000,000 common shares to the Vendor.

For further details, please refer to the Company's news release dated May 17, 2011.

________________________________________

BROOKWATER VENTURES INC. ("BW")
[formerly Brookwater Ventures Inc. ("BW.H")]
BULLETIN TYPE: Change of Business, Private Placement-Non-Brokered, Graduation from NEX to TSX Venture, Resume Trading
BULLETIN DATE:  May 27, 2011

NEX Company

TSX Venture Exchange has accepted for filing Brookwater Venture Inc.'s (the "Company") Change of Business (the "COB") and related transactions, all as principally described in its Filing Statement dated May 13, 2011 (the "Filing Statement").  The COB includes the following matters, all of which have been accepted by the Exchange.

1. Acquisition of all of the issued and outstanding Quotas of Água Grande Exploração e Produção de Petróleo Ltda ("Água Grande"):

On April 15, 2011 the Company entered into a share exchange agreement (the "Acquisition Agreement") with Água Grande, Brookwater Bermuda Holdings Limited, a wholly-owned Bermuda subsidiary of the Company ("Bermuda 1"), Brookwater (Brazil) Limited, a wholly-owned Bermuda subsidiary of Bermuda 1 (together, the "Bermuda Subcos"); Forbes & Manhattan (Barbados) Inc. and Helio Diniz, the registered holders of the Água Grande Quotas (the "Vendors") and Roberto Goncalves de Souza, Helio Botelho Diniz, Matheus Ortega Peitrobon, Robert Goncalves de Souza Filho and Wagner Freire (the "New Shareholders").

Under the Acquisition Agreement, the Company agreed to acquire all of the issued and outstanding Água Grande Quotas from the Vendors in consideration of the issuance of 13,250,000 common shares to the New Shareholders such that following the closing, the Company will own all Água Grande Quotas through its Bermuda Subcos.

Água Grande was incorporated under the laws of Brazil on March 31, 2010, under the name "Forbes Óleo & Gás Exploração Ltda." and subsequently changed its name to "Água Grande Exploração e Produção de Petróleo Ltda.".  On November 25, 2010, Água Grande  entered into the Farm-out Agreement with Somoil Internacional de Petroleo Ltds. and Sonangol Starfish Oil & Gas S.A.  Pursuant to the Farm-out Agreement, the Company will have the Farm-out Right to acquire an undivided 30% interest in the gas & oil exploration concessions located in the Recôncavo Basin in Brazil (the "Property").

On January 21, 2011 and January 28, 2011, Água Grande completed a private placement consisting of unsecured debentures of Água Grande in the principal amount of $5,035,000 ($2,300,000 on January 21, 2011) at 8.0% per annum maturing on January 21, 2012 and January 28, 2012, respectively, to be converted on without any further consideration or input by the holders thereof into an additional 20,140,000 common shares of the Company at a deemed price of $0.25 per share.  The debentures were converted to 20,140,000 common shares of the Company on closing of the COB.

Pursuant to the Farm-out Agreement, the Company through Água Grande will have the Farm-out Right to acquire an undivided 30% interest in the Property under the Concession Contract.  In order to acquire its interest in the Property under the Farm-out Agreement, Água Grande must (i) pay 50% of the costs and expenses incurred in relation to the drilling, logging, testing and completion or plugging and abandonment of one exploration well and thereafter pay its share of costs incurred in connection therewith; and (ii) in case of a commercial discovery, pay its share of the total agreed costs and expenses incurred prior to the execution of the Farm-out Agreement.

During the term of the Concession Contract, which expires on March 12, 2012, Sonangol is required to complete an exploration program consisting basically of seismic surveys and commence the drilling of an exploratory well.  On March 12, 2012, following the initial phase of exploration, Brookwater will have right to retain an area with one or more discoveries for further evaluation. This means that, by March 12, 2012, the Company will need to identify the areas where further development will be carried out, and thereafter, it must submit a development plan for ANP approval. Any area not being retained as part of the development plan will need be relinquished on March 12, 2012.

A Consortium (the "Consortium") was initially formed under Contrato de Consorcio dated February 12, 2008 as amended, between Sonangol (as to 57.1%) and Somoil (as to 42.9%).  Sonangol is the operator.  Pursuant to the Farm-out Agreement, the following will be the parties' respective interests in the Consortium: Sonangol (40%), Somoil (30%) and Água Grande (30%).

The Exchange has been advised that the COB has received shareholder approval. For additional information refer to the Company's Filing Statement available under the Company's profile on SEDAR.

2. Private Placement-Non-Brokered:

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 21, 2010:

Number of Shares:            6,000,000 shares      
                   
Purchase Price:            $0.25 per share      
                   
Number of Placees:            47 placees      
                   
Insider / Pro Group Participation:                  
                   

Name 
          Insider=Y /
ProGroup=P /  
   
# of Shares
Andy Eisenbock 
William Stanimir 
Terese Pratt 
Carrie Clark 
Anthony P. Fierro 
Fred Hofman 
Campbell Becker/Sara Illidge 
J David Pescod 
Kim Sorenson 
Elaine Henderson 
Brandon Boddy 
Cliff Rich 
Connor Cruise 
Dexter Baillie 
Marion Nelson 
James D Danis 
James Oleynick 
Gary Winters 
Steve Wright 
Union Securities Ltd. 
         


















    40,000
200,000
400,000
20,000
150,000
100,000
200,000
100,000
50,000
350,000
100,000
200,000
40,000
50,000
150,000
40,000
50,000
40,000
40,000
200,000
                   
Finder's Fee: 
          Axeman Resource Capital Ltd. will receive a finder's fee $5,000 in cash, 52,500 common shares and 52,500 share purchase warrants exercisable at a price of $0.25 for a period of 12 months from closing.
Byron Capital Markets will receive a finder's fee of 20,000 share purchase warrants exercisable at a price of $0.25 for a period of 12 months from 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.

3. 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 Monday, May 30, 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 Vancouver.

The Company is classified as an 'Oil and Gas Exploration' company.

Capitalization: 

Escrow: 
                Unlimited 
99,328,518 
27,950,000 
shares with no par value of which
shares are issued and outstanding
shares are subject to a 36 month staged escrow release
                     
Transfer Agent:                  CIBC
Trading Symbol: 
CUSIP Number: 
                BW 
114716 10 3 
(new)
(unchanged)

4. Resume Trading:

Effective at the opening Monday, May 30, 2011, trading in the shares of the Company will resume.

________________________________________

For further information:

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


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