TSX Venture Exchange Daily Bulletins

VANCOUVER, Nov. 9, 2011 /CNW/ -

TSX VENTURE COMPANIES:

ABCANA CAPITAL INC. ("ABQ.P")
BULLETIN TYPE:  New Listing-CPC-Shares
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

This Capital Pool Company's ('CPC') Prospectus dated October 21, 2011 has been filed with and accepted by TSX Venture Exchange and the British Columbia Securities Commission effective October 21, 2011, pursuant to the provisions of the British Columbia Securities Act. The Common Shares of the Company will be listed on TSX Venture Exchange on the effective date stated below.

The Company has completed its initial distribution of securities to the public.  The gross proceeds received by the Company for the Offering were $200,000 (2,000,000 common shares at $0.10 per share).

Commence Date:                  At the opening on November 10, 2011, the Common shares will commence trading on TSX Venture Exchange.
                   
Corporate Jurisdiction:                 Business Corporations Act (British Columbia)
                   
Capitalization: 

Escrowed Shares: 
                Unlimited 
4,000,000 
2,000,000 
common shares with no par value of which
common shares are issued and outstanding
common shares
                     
Transfer Agent: 
Trading Symbol: 
CUSIP Number: 
Sponsoring Member: 
                Computershare Investor Services Inc. (Vancouver & Toronto)
ABQ.P
00287U 10 7
Macquarie Private Wealth Inc.
                   
Agent's Options:                  200,000 non-transferable stock options.  One option to purchase one share at $0.10 per share up to 24 months.

For further information, please refer to the Company's Prospectus dated October 21, 2011.

Company Contact: 
Company Address: 
Company Phone Number: 
Company Fax Number: 
Company Email Address: 
          Shaun Maskerine (CEO, CFO, Corp. Sec., Director)
910 - 1050 West Pender Street, Vancouver, BC  V6E 3S7
(604) 218-8777
(604) 689-0288
smaskerine@wcbresources.com

Seeking QT primarily in this sector:  Mining

________________________________________

ALITA RESOURCES LTD. ("AL.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: November 9, 2011
TSX Venture Tier 2 Company

Further to the TSX Venture Exchange Bulletin dated October 12, 2011, effective at the open Thursday November 10, 2011 trading in the shares of the Company will be suspended, the Company having failed to complete a Qualifying Transaction within 24 months of its listing.

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

________________________________________

BALMORAL RESOURCES LTD. ("BAR")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 13, 2011 and October 14, 2011:

Number of Shares:            4,197,500 flow-through shares                  
                               
Purchase Price:            $1.10 per share                  
                               
Number of Placees:            27 placees                  
                               
Insider / Pro Group Participation:                              
                               

Name 
          Insider=Y /
ProGroup=P /  
               
# of Shares
Henk Van Alphen 
John Toporowski 
         
                165,000
27,273
                               
Finder's Fee:            Canaccord Genuity Corp. will receive a finder's fee of $277,035.00.            

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.

________________________________________

BANKS ISLAND GOLD LTD. ("BOZ")
BULLETIN TYPE:  New Listing-IPO-Shares, Amendment
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

Further to the TSX Venture Exchange Bulletin dated October 27, 2011, the Exchange has accepted an amendment with respect to the Company's issued and outstanding capitalization:

Capitalization: 
                Unlimited 
15,578,395 
common shares with no par value of which
common shares are issued and outstanding

________________________________________

BOLD VENTURES INC. ("BOL")
BULLETIN TYPE:  Remain Halted
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

Further to the TSX Venture Exchange ('TSXV') Bulletin dated November 9, 2011, effective at 7:28 a.m., November 9, 2011, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the business combination pursuant to TSXV Policy 5.3.  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.

________________________________________

CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE:  Property-Asset or Share Disposition Agreement
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange Inc. has accepted for filing documentation in connection with a binding Heads of Agreement among Cadan Resources Corporation ("Cadan"), Mining Group Limited ("MGL"), Philco Holdings Inc. and Philco Mining Corp. ("PMC") dated November 4, 2011 (the "Agreement").  Under the Agreement MGL may acquire an 80% interest in the Comval copper-gold project ("Comval Project") located in the Compostella Valley, Philippines. Cadan will retain a 20% interest which is free and carried until the MGL has incurred a minimum of AUD$48 million of expenditures on the Comval Project. MGL may acquire an 80% interest in PMC which holds exploration permits EP1 and EP2, comprising the Comval Project, as well as assume the right to receive certain inter-corporate amounts owing by PMC to Cadan, for the following consideration:

  1. paying AUD$1,000,000 to Cadan to be advanced to Cadan as a secured loan (the "Loan"). Upon MGL obtaining shareholder approval for the transaction and completing its due diligence reviews, the loan will be deemed repaid in full by crediting the loan amount towards the purchase price. In the event that the transaction with MGL does not proceed, the loan is repayable in 12 months plus accrued interest at the rate of LIBOR plus 2%. Cadan has granted MGL security over the shares of PMC and EP2 as security for the Loan;

  2. at closing, MGL will pay to Cadan a further AUD$2,000,000 and issue of 2,600,000 fully paid ordinary shares of MGL;

  3. when (and if) MGL's share price trades at or above AUD$1 for 30 consecutive days, MGL will issue to Cadan a further 2,600,000 shares; and

  4. subject to certain conditions being met within 24 months of closing of the transaction (which period may be extended by up to a further 24 months) MGL will pay a further AUD$1,000,000 to Cadan.

Upon closing of the transaction with MGL, Cadan will retain a 20% free carried equity interest in PMC, which cannot be diluted until MGL has expended AUD$48 million in exploration and development costs on the Comval Project. Thereafter Cadan and MGL will be required to contribute to further costs in proportion to their interest or be diluted.  The Binding Heads of Agreement provides that the parties will agree on an adjustment formula in the relative ownership of PMC in the event of a shortfall in the exploration and development costs.  Closing of the transaction is subject to MGL obtaining shareholder and regulatory approval of the transaction.

In addition to the above, on closing MGL will be granted an option to acquire an 80% interest in the Batoto Gold/ Silver project held by Cadan on the following terms:

  1. MGL must exercise the option within 9 months of closing; and

  2. if MGL exercises the option to acquire an 80% interest in the Batoto Gold/ Silver project, it must pay to Cadan: $3,000,000; and issue a further 5,200,000 shares to Cadan.

Upon exercise of the option by MGL, Cadan will retain a 20% free carried interest in the Batoto Gold/Silver project which cannot be diluted until MGL has expended AUD$30 million in exploration and development costs on the project. Thereafter Cadan and MGL will be required to contribute to further costs in proportion to their interest or be diluted.  The agreement in respect of the option will include provisions for adjustment in the relative ownership of PMC in the event of a shortfall in the exploration and development costs.

For further information please see the Company's news release of November 7, 2011 which is available under the Company's profile on SEDAR.

________________________________________

HIGHLAND RESOURCES INC. ("HI")
BULLETIN TYPE:  Property-Asset or Share Disposition Agreement
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing a Purchase Agreement between Highland Resources Inc. ("Highland") and Canadian Prospector Inc. ("CPI") and dated October 3, 2011. Highland has agreed to sell its 51% interest in 89 mineral claims commonly known as the Rickaby and Humboldt Properties north of Thunder Bay, Ontario (the "Properties") to CPI for consideration of:

  • The return of 2,911,042 shares of Highland which formed the original consideration paid by Highland for first acquiring the Property from CPI; and

  • A 3% Net Smelter Royalty granted to Highland of which CPI has the right to purchase 1.5% by paying to Highland the aggregate amount of $1,500,000.

The transaction is Arms Length.

For further information, please see Highlands news release dated October 11, 2011 available on SEDAR.

________________________________________

HILLCREST RESOURCES LTD. ("HRH")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing a Purchase and Sale Agreement dated November 4, 2011 between Hillcrest Resources Ltd. (the Company) and Longshot Oil LLC (Glen Landry) whereby the Company has purchased a 100% Net Working Interest and a 75% Net Revenue Interest in 40 Acres of oil and gas properties in Pondera County, Montana.  Consideration is $350,000. Longshot Oil LLC retains a 25% Net Revenue Interest.

________________________________________

KNIGHT METALS LTD. ("KNP")
BULLETIN TYPE:  Halt
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 1 Company

Effective at 9:30 a.m. PST, November 9, 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.

________________________________________

KNIGHT METALS LTD. ("KNP")
BULLETIN TYPE:  Remain Halted
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 1 Company

Further to the TSX Venture Exchange ('TSXV') Bulletin dated November 9, 2011, effective at 9:43 a.m., November 9, 2011, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Change of Business and/or Reverse Takeover pursuant to TSXV Policy 5.2.  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.

________________________________________

LARGO RESOURCES LTD. ("LGO")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

Effective at 7:00 a.m., PST, November 9, 2011, shares of the Company resumed trading, an announcement having been made over Stockwatch.

________________________________________

LIFE SCIENCES INSTITUTE INC. ("LSN")
BULLETIN TYPE: Change of Business, Property—Asset or Share Purchase Agreement, Property—Asset or Share Disposition Agreement, Private Placement-Non-Brokered
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

Change of Business

TSX Venture Exchange has accepted for filing the Company's Change of Business, which includes the acceptance of the non-arm's length acquisition (the Acquisition) of certain oil and gas related assets (the Assets) followed immediately by the disposition (the Disposition) of all the assets and liabilities used in, or otherwise relating to, the education business currently carried out by the Company (the Education Assets).

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

Property—Asset or Share Purchase Agreement

TSX Venture Exchange has accepted for filing final documentation in respect of the Acquisition of the Assets, which are detailed below.

The Assets constitute the following: (a) certain seismic data (the Seismic Assets), (b) certain petroleum and natural gas leases issued by the government of Saskatchewan covering 6400 acres of land located in south central Saskatchewan together with all available technical data (collectively, the Saskatchewan Assets), and (c) all data, working papers and interpretations approximately 71 kilometers of 2D high resolution seismic data, geological studies, interpretations, research and activities in respect of 67,000 hectares of land in the Cobequid region of Nova Scotia (the Nova Scotia Assets).

Pursuant to a non-arm's length agreement between the Company and Cacique Petroleum Ltd (Cacique) dated November 24, 2004, Life Sciences agreed to purchase the Seismic Assets from Cacique for an aggregate consideration of $449,400, inclusive of GST. The consideration is payable through $150,000 cash, which has already been paid, with the balance of $289,000 payable at closing as follows: (a) issuance of 600,000 common shares of the Company at a deemed price of $0.30 per share, for an aggregate deemed consideration of $180,000, (b) issuance of a promissory note for $90,000, bearing interest at 5% per annum payable 24 months after closing of the COB, and (c) a debenture in the principal amount of $29,400 and bearing interest at 5% per annum due annually, commencing one year after closing of the COB (the $29,400 Debenture), and convertible, at any time, at the option of the Company, into 98,001 common shares  at an ascribed price of $0.30 per share. Cacique is controlled by Leonard Van Betuw (Van Betuw), who will be the Chief Executive Officer, President and a director of the Company, upon completion of the COB.

Pursuant to a non-arm's length agreement dated May 4, 2005 entered into between the Company and Kinetex Multi-Component Inc. (Kinetex), an indirect wholly owned subsidiary of FirstGrowth Capital Inc., an Exchange listed issuer, Life Sciences agreed to purchase the Saskatchewan Assets from Kinetex for an aggregate consideration of $746,500, inclusive of GST. The consideration is payable through $225,000 cash, which has already been paid, with the balance of $521,050 payable at closing as follows: (a) issuance of 1,575,000 common shares of the Company at a deemed price of $0.20 per share, for an aggregate deemed consideration of $315,000, and (b) issuance of a promissory note for $206,050 bearing interest at 5% per annum payable 24 months after closing of the COB. At the time of that agreement was entered into, Kinetex was controlled by Van Betuw, who will be the Chief Executive Officer, President and a director of the Company, upon completion of the COB.

Pursuant to a non-arm's length agreement between the Company and Kinetex dated August 17, 2005, Life Sciences agreed to purchase the Nova Scotia Assets from Kinetex for an aggregate consideration of $763, 726, inclusive of GST. The consideration is payable through $75,000 cash, which has already been paid, with the balance of $688,726 payable at closing as follows: (a) issuance of a promissory note for $58,126 , bearing interest at 5% per annum payable 24 months after closing of the COB, and (b) a debenture in the principal amount of $630,000 and bearing interest at 5% per annum payable 24 months after closing of the COB (the $630,000 Debenture), convertible, at any time, at the option of the Company, into 2,100,000 common shares at an ascribed price of $0.30 per share.

Insider / Pro Group Participation:                                                                
                                                                 

Name 
          Insider=Y /
ProGroup=P 
                                                 
# of Shares
Leonard Van Betuw 
Jeff Decter   
         
Y       
                                                  3,825,000
200,000

Property—Asset or Share Disposition Agreement

TSX Venture Exchange has accepted for filing final documentation in respect of the Disposition of the Education Assets.

At closing of the COB, the Company will carry out the Disposition of the Education Assets to the current management of the Company at a price of $998,502 with the purchase price being paid as to $734,326 by way of assumption of all indebtedness and liabilities of Life Sciences relating to the Education Assets and $264,176 by way of assumption of the two promissory notes issued pursuant to the Acquisition of the Saskatchewan Assets and the Nova Scotia Assets.

The above transactions were approved by shareholders on June 3, 2010.

The above transactions have been completed.

For further information on the transactions, please see the Information Circular of the Company dated May 5, 2010, and news release dated October 19, 2010 together with the news releases, referred to below.

Private Placement-Non-Brokered

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 19, 2010, April 28, 2011, August 26, 2011, and September 28, 2011:

Number of Shares: 
          28,144,000 common shares
24,681,668 flow-through shares
   
                   
Purchase Price: 
          $0.05 per unit
$0.06 per flow-through unit
   
                   
Warrants:            40,484,834 share purchase warrants to purchase 40,484,834 shares      
                   
Warrant Exercise Price:            $0.10 for a period of two years       
                   
Number of Placees:            28 placees      
                   
Insider / Pro Group Participation:                  
                   

Name 
          Insider=Y /
ProGroup=P /  
   
# of Units
Avila Exploration & Development
Canada(Peter Thompson
Leonard Van Betuw 
Dan Harding 
Les Tochor 
1022935 Alberta Ltd.
(Rob Thomas & Les Tochor) 
         





   
7,804,000
8,840,000
200,000
300,000

500,000
                   
Finder's Fee:            Wolverton Securities Ltd.- $800 cash and 16,000 finder's warrants.  Each finder warrant is exercisable at a price of $0.05 per share for a period of three years. Each unit consists of one common share and one warrant. Each warrant entitles the holder to purchase one common share at a price of $0.10 per share for a period of two years from the date the warrants were issued, subject to early expiry should the common shares trade at a price above $0.15 per share for a period of fifteen consecutive days.

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 is classified as an 'oil and gas exploration and development' company.

Capitalization:             
  unlimited 
92,814,345 
common shares with no par value of which
common shares are issued and outstanding
                     
Escrowed: 
Escrow Term: 
                4,025,000 
common shares
year(s)
                     
Company Contact: 
Company Address: 
Company Phone Number: 
Company Fax Number: 
                Leonard Van Betuw
Suite 4110, 825 8th Ave. S.W.
(403) 984-3917
(403) 984-3972

________________________________________

OPAL ENERGY CORP. ("OPA")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 9, 2011:

Number of Shares:                2,333,333 shares
                 
Purchase Price:                $0.15 per share
                 
Warrants:                2,333,333 share purchase warrants to purchase 2,333,333 shares
                 
Warrant Exercise Price:                $0.30 for a two year period
                 
Number of Placees:                5 placees

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.

________________________________________

PAPUAN PRECIOUS METALS CORP. ("PAU")("PAU.WT")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: November 9, 2011
TSX Venture Tier 2 Company

Further to TSX Venture Exchange Bulletin dated November 4, 2011, the Exchange has been advised that the Cease Trade Order issued by the British Columbia Securities Commission on November 4, 2011 has been revoked.

Effective at the opening Thursday, November 10, 2011 trading will be reinstated in the securities (PAU) of the Company (CUSIP 69887W 10 2) and in the warrants (PAU.WT)(CUSIP 69887W 11 0).

_______________________________________

PROSPECTOR RESOURCES CORP. ("PRR")
BULLETIN TYPE:  Shares for Bonuses
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 526,315 bonus shares at a deemed price of $0.19 per share in consideration of three loans totalling $500,000.  The loans have a three year term, due on October 12, 2014 and bear interest at a rate of 15% per annum.

Insider Participation:

                      Loan            Bonus Shares
Henry Neugebauer                      $160,000            168,421

________________________________________

QUINTO REAL CAPITAL CORPORATION ("QIT.P")
BULLETIN TYPE: Remain Halted - Qualifying Transaction
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

Further to the TSX Venture Exchange ('TSXV') Bulletin dated November 1, 2011, effective at 6:08 a.m., November 9, 2011, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation pursuant to TSXV Policy 2.4 regarding the Qualifying Transaction.  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.

________________________________________

SULTAN MINERALS INC. ("SUL")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for expedited filing documentation pertaining to an option agreement dated October 10, 2011 between Sultan Minerals Inc. (the 'Company') and Janet Wirth, pursuant to which the Company may acquire the remaining 12.5% of the rights and interest in the Daylight Clam Group, comprising 8 crown grants located near Nelson, British Columbia.  In consideration, the Company will pay $7,500 and 25,000 in tranches as follows:

                              CASH                 SHARES
Year 1 
Year 2 
                            $3,750
$3,750
                12,500
12,500

The optionor retains a 12.5% interest in the 3.0% net smelter return royalty from the production of gold and silver and of the 1.5% net smelter return royalty from the production of other metals.  The Company has an option to reduce NSR to 1% of gold and silver production and 0.5% on other metals by the payment of $125,000 prior to the commencement of commercial production.

________________________________________

TERRABIOGEN TECHNOLOGIES INC. ("TBG")
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 5,375,000 shares and 3,875,000 share purchase warrants to settle outstanding debt for $430,000.

Number of Creditors:        1 Creditor
         
No Insider / Pro Group Participation        
         
Warrants:        3,875,000 share purchase warrants to purchase 3,875,000 shares
         
Warrant Exercise Price:        $0.15 for a two year period

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

________________________________________

TRIPLE CROWN PETROLEUM LTD. ("TPP.P")
BULLETIN TYPE:  Remain Halted - Qualifying Transaction
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

Further to the TSX Venture Exchange ('TSXV') Bulletin dated October 27, 2011, effective at 8:29 a.m., November 9, 2011, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation pursuant to TSXV Policy 2.4 regarding the Qualifying Transaction.  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.

________________________________________

VERISANTE TECHNOLOGY, INC. ("VRS")
BULLETIN TYPE:  Halt
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

Effective at the Opening, November 9, 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.

________________________________________

VERISANTE TECHNOLOGY, INC. ("VRS")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  November 9, 2011
TSX Venture Tier 2 Company

Effective at 7:45 a.m., PST, November 9, 2011, shares of the Company resumed trading, an announcement having been made over Stockwatch.

________________________________________

NEX COMPANIES:

COVENTREE INC. ("COF.H")
BULLETIN TYPE: Halt
BULLETIN DATE:  November 9, 2011
NEX Company

Effective at 8:29 a.m. PST, November 9, 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.

________________________________________

PRIME CITY ONE CAPITAL CORP. ("PMO.H")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  November 9, 2011
NEX Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 8, 2010 and March 10, 2011:

Number of Shares:            7,000,000 shares                  
                               
Purchase Price:            $0.05 per share                  
                               
Warrants:            3,500,000 share purchase warrants to purchase 3,500,000 shares                  
                               
Warrant Exercise Price:            $0.10 for a one year period                  
                               
Number of Placees:            10 placees                  
                               
Insider / Pro Group Participation:                              
                               

Name 
          Insider=Y /
ProGroup=P   
               
# of Shares
Innomarque Canada Inc.
(Omar Shawna, Jandat Shawna,
Al Duffy, Hassan Dahlawi &
John Lorenzo
Hassan Dahlawi 
Alexander Edward Gress 
Bourgnine Holdings Ltd.
(John Lorenzo
Harris Beach 401 (k) Profit
Sharing Plan (Raymond Stapell) 
Raymond J. Stapell 
         


Y      
Y  
Y     

Y     

Y  
Y     
               


900,000
1,100,000
600,000

200,000

1,000,000
200,000

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.

________________________________________

For further information:

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


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