TSX Venture Exchange Daily Bulletins



    VANCOUVER, June 1 /CNW/ -

    
    TSX VENTURE COMPANIES

    ANDEAN AMERICAN MINING CORP. ("AAG")
    BULLETIN TYPE: Private Placement-Brokered
    BULLETIN DATE: June 1, 2007
    TSX Venture Tier 1 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced April 26, 2007:

    Number of Shares:        11,332,528 shares

    Purchase Price:          $0.65 per share

    Warrants:                5,666,269 share purchase warrants to purchase
                             5,666,269 shares

    Warrant Exercise Price:  $0.85 for a two year period

    Number of Placees:       63 placees

    Insider/Pro Group Participation:

                             Insider equals Y/
    Name                     ProGroup equals P/         No. of Shares

    Howard Katz              P                                 35,000
    Ian Graham               P                                  8,000
    Neil McOstrich           P                                 25,000
    Lloyd Piszel             P                                 25,000
    Clifton Prophet          P                                  7,000
    Jim Stewart              P                                 13,000

    Agent's Fees:            509,964 broker warrants and $530,362.79 payable
                             to Research Capital Corporation.

                             56,662 broker warrants and $58,929.20 payable to
                             PowerOne Capital Markets Limited.

    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.

    TSX-X
                     -----------------------------------

    CARIBOU RE

SOURCES CORP. ("CBU") BULLETIN TYPE: Halt BULLETIN DATE: June 1, 2007 TSX Venture Tier 1 Company Effective at 6:56 a.m. PST, June 1, 2007, trading in the shares of the Company was halted pending contact with the Company; this regulatory halt is imposed by Market Regulation Services, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules. TSX-X ----------------------------------- CONSOLIDATED BEACON RE

SOURCES LTD. ("KBC") BULLETIN TYPE: Shares for Debt BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,946,871 common shares at a deemed price of $0.07 per share to settle outstanding debt for $346,281. Number of Creditors: 3 Creditors No Insider/Pro Group Participation: The Company shall issue a news release when the shares are issued and the debt extinguished. TSX-X ----------------------------------- COREX GOLD CORPORATION ("CGE") BULLETIN TYPE: Private Placement-Brokered BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced April 24, 2007: Number of Shares: 5,560,000 shares Purchase Price: $0.90 per share Warrants: 2,780,000 share purchase warrants to purchase 2,780,000 shares Warrant Exercise Price: $1.25 for a two year period Number of Placees: 37 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares John Rybinski P 97,333 Holly and Ken Gaskell P 5,000 Aynsley International Trading (Brock Aynsley) P 50,000 Brock and Margaret Aynsley P 100,000 Agent's Fee: 7% of the gross proceeds raised payable to Haywood Securities Inc. in any combination of cash or units at the election of Agent where each unit will have the same terms as those in the above private placement. In addition, 7% of the gross units placed payable to Haywood Securities Inc. in Agents options where each option entitles the Agent to purchase one common share at $0.94 per share for a two year period. 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. TSX-X ----------------------------------- CORONATION MINERALS INC. ("CMV") BULLETIN TYPE: Resume Trading BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company Effective at 7:00 a.m. PST, June 1, 2007, shares of the Company resumed trading, an announcement having been made over CCNMatthews. TSX-X ----------------------------------- DACHA CAPITAL INC. ("DAC") BULLETIN TYPE: Remain Halted BULLETIN DATE: June 1, 2007 TSX Venture Tier 1 Company Further to TSX Venture Exchange Bulletin dated May 23, 2007, effective at 9:35 a.m. PST, June 1, 2007 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 Listings Policy 5.2. TSX-X ----------------------------------- FLAGSHIP INDUSTRIES INC. ("FII") BULLETIN TYPE: Resume Trading BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company Effective at the opening, June 4, 2007, shares of the Company will resume trading; announcements were made over a period of April 17, 2007 to May 9, 2007. TSX-X ----------------------------------- GOLD WORLD RE

SOURCES INC. ("GDW") BULLETIN TYPE: Halt, Correction BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company Further to the TSX Venture Exchange Bulletin dated May 31, 2007, the Bulletin should have read in part as as follows: Effective at 9:59 a.m. PST, May 31, 2007, trading in the shares of the company was halted pending clarification of company affairs. TSX-X ----------------------------------- GRENVILLE GOLD CORPORATION ("GVG") BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing an Amended Share Purchase Agreement dated March 13, 2007 (the 'Agreement') between Grenville Gold Corporation (the 'Company'), and Len De Melt and Alexander Vidaurre Otayza (collectively the 'Vendors'), pursuant to which the Company has the option to acquire up to 90% of the issued and outstanding shares in the capital of Inversiones Mineras Alexander S.A.C. ('IMA'). IMA's principal asset is a 70% interest in the Chorobol Gold Project (the 'Property') located in the Department of Libertad, southeast of Trujillo, Peru. The Company can acquire 70% of the issued and outstanding share capital of IMA (the 'IMA Shares') for aggregate consideration payable to the Vendors of US$25,000 cash and 2,000,000 common shares payable in three equal stages over a period of two years with first payment upon closing of the Acquisition. The Company will also acquire an additional 20% of the IMA Shares upon completion of the initial 70% interest noted above for an aggregate of US$138,000 cash payable to the Vendors. Finder's Fee: The Company has agreed to issue John Davies and Stacy Matthes an aggregate finder's fee of US $550 and 50,000 common shares. Insider/Pro Group Participation: N/A For further details, please refer to the Company's press releases dated March 13, 2007 and March 22, 2007 available on SEDAR. TSX-X ----------------------------------- HANWEI ENERGY SERVICES CORP. ("HE") BULLETIN TYPE: Resume Trading BULLETIN DATE: June 1, 2007 TSX Venture Tier 1 Company Effective at 7:30 a.m. PST, June 1, 2007, shares of the Company resumed trading, an announcement having been made over Canada News Wire. TSX-X ----------------------------------- HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST ("HLR.UN")("HLR.DB") BULLETIN TYPE: Resume Trading BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company Effective at the open, June 1, 2007, shares of the Company resumed trading, an announcement having been made over StockWatch. TSX-X ----------------------------------- IMMERSIVE MEDIA CORP. ("IMC") BULLETIN TYPE: Resume Trading BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company Effective at 8:30 a.m. PST, June 1, 2007, shares of the Company resumed trading, an announcement having been made over CCNMatthews. TSX-X ----------------------------------- LOON ENERGY INC. ("LEY") BULLETIN TYPE: Resume Trading BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company Effective at the open, June 1, 2007, shares of the Company resumed trading, an announcement having been made over CCNMatthews. TSX-X ----------------------------------- MINTERRA RE

SOURCE CORP. ("MTR") BULLETIN TYPE: Halt BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company Effective at the open, June 1, 2007, trading in the shares of the Company was halted at the request of the Company, pending an announcement; this regulatory halt is imposed by Market Regulation Services, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules. TSX-X ----------------------------------- MVE CAPITAL CORP. ("MVE.P") BULLETIN TYPE: New Listing-CPC-Shares BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company This Capital Pool Company's ('CPC') Prospectus dated May 4, 2007 has been filed with and accepted by TSX Venture Exchange and the British Columbia and Alberta Securities Commissions effective May 7, 2007, pursuant to the provisions of the British Columbia and Alberta 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 (1,000,000 common shares at $0.20 per share). Commence Date: At the opening June 4, 2007, the Common shares will commence trading on TSX Venture Exchange. Corporate Jurisdiction: British Columbia Capitalization: unlimited common shares with no par value of which 5,500,000 common shares are issued and outstanding Escrowed Shares: 1,200,000 common shares Transfer Agent: Pacific Corporate Trust Company Trading Symbol: MVE.P CUSIP Number: 55384N 10 9 Sponsoring Member: Canaccord Capital Corporation Agent's Options: 100,000 non-transferable stock options. One option to purchase one share at $0.20 per share for 24 months. For further information, please refer to the Company's Prospectus dated May 4, 2007. Company Contact: Hari Varshney Company Address: Suite 1304, 925 West Georgia St. Vancouver, BC V6C 3L2 Company Phone Number: 604-684-2181 Company Fax Number: 604-682-4768 Company Email Address: info@varshneycapital.com TSX-X ----------------------------------- NEW SHOSHONI VENTURES LTD. ("NSV") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 7, 2007: Number of Shares: 2,000,000 flow-through shares Purchase Price: $0.20 per share Warrants: 2,000,000 share purchase warrants to purchase 2,000,000 shares Warrant Exercise Price: $0.26 for a two year period Number of Placees: 12 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Ron Rieder P 100,000 Ralf Hillebrand Y 15,000 Finder's Fee: N/A 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. TSX-X ----------------------------------- OREX VENTURES INC. ("REX") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 16, 2007: Number of Shares: 8,000,000 shares Purchase Price: $0.15 per share Warrants: 4,000,000 share purchase warrants to purchase 4,000,000 shares Warrant Exercise Price: $0.20 for a two year period Number of Placees: 19 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares 683192 BC Ltd. (Gary Cope) Y 1,350,000 Eric Savics P 250,000 0783648 BC Ltd. (David Lyall) P 1,100,000 Dominique Celli P 10,000 Cliff Rich P 400,000 Finder's Fee: 397,500 units with terms as above payable to 0709037 BC Ltd. (Minaz (Mike) Devji) 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. TSX-X ----------------------------------- PACIFICA RE

SOURCES LTD. ("PAX") BULLETIN TYPE: Plan of Arrangement, Notice of Distribution BULLETIN DATE: June 1, 2007 TSX Venture Tier 1 Company Plan of Arrangement: TSX Venture Exchange has approved the Company's proposed Plan of Arrangement with its shareholders and Savant Explorations Ltd. ('Savant') under Sections 288 to 299 of the Business Corporations Act (British Columbia). The Plan of Arrangement was approved by a special resolution passed by Company shareholders on May 31, 2007. The Exchange has been advised that the Plan of Arrangement will close and be given effect on June 6, 2007 ('the Share Distribution Record Date'). The Plan of Arrangement, which is fully described in the Company's Information Circular dated April 19, 2007, involves a restructuring of the Company's business and assets. Pursuant to the Arrangement, Savant which is currently a wholly owned subsidiary of the Company, will acquire for aggregate consideration of 12,857,143 Savant Shares, the Company's interest in the Yava polymetallic sulphide property in Nunavut, the Blue Moon base-precious metal property in California, the Tillex copper prospect in Ontario, the various copper projects in Chile and 4,000,000 warrants of StrataGold Corporation exercisable at $0.60 until November 7, 2008. The Company will retain the mineral properties comprising the Selwyn Project. In addition, on the Effective Date, the Company will transfer $2,590,000 in cash to Savant in exchange for 7,400,000 Savant Shares and 3,700,000 Savant Series A Warrants exercisable to acquire an additional share of Savant for $0.55 per share for a period of two years from Savant's listing date. Notice of Distribution: Each shareholder on the June 6, 2007 Share Distribution Record Date will receive its pro rata share of the 12,857,143 Savant Shares acquired as described above. Share Distribution Record Date: June 6, 2007 Ex-distribution Date: June 4, 2007 For additional information, refer to the Company's Information Circular, dated April 19, 2007. TSX-X ----------------------------------- REMAC ZINC CORP. ("RMZ.P") (formerly OMC Capital Corporation ("CMO.P")) BULLETIN TYPE: Name Change and Consolidation, Remain Halted BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company Pursuant to a resolution passed by shareholders April 4, 2007, the Company has consolidated its capital on a 2 old for 1 new basis. The name of the Company has also been changed as follows. Effective at the opening June 4, 2007, the common shares of ReMac Zinc Corp. will be listed and remain halted on TSX Venture Exchange, and the common shares of OMC Capital Corporation will be delisted. The Company is classified as a 'Metal Ore Mining' company. Post - Consolidation Capitalization: Unlimited shares with no par value of which 1,750,000 shares are issued and outstanding Escrow: 1,250,000 CPC Escrow Shares Transfer Agent: CIBC Mellon Trust Trading Symbol: RMZ.P (new) CUSIP Number: 75954M 10 9 (new) TSX-X ----------------------------------- SARGOLD RE

SOURCE CORPORATION ("SRG") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 30, 2007: Number of Shares: 5,000,000 shares Purchase Price: $0.20 per share Warrants: 5,000,000 share purchase warrants to purchase 5,000,000 shares Warrant Exercise Price: $0.25 for a two year period Number of Placees: 29 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Andrew Williams P 50,000 Andrew Girling P 40,000 Batell Investments Ltd. (Ken Bates, David Elliott) P 100,000 David Elliott P 300,000 David Shepherd P 175,000 Augusta Capital Corporation (Richard Warke) Y 1,000,000 Finder's Fee: $20,000 payable to Haywood Securities 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. TSX-X ----------------------------------- SPECTRA INC. ("SSA") BULLETIN TYPE: Shares for Debt BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's proposal to issue 350,000 common shares at a deemed price of $0.065 per share to settle outstanding debt for $22,750. Number of Creditors: 1 Creditor No Insider/Pro Group Participation. The Company shall issue a news release when the shares are issued and the debt extinguished. ----------------------------------- STELLAR PACIFIC VENTURES INC. ("SPX") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 30, 2007: Number of Shares: 4,000,000 flow-through shares Purchase Price: $0.25 per share Warrants: 4,000,000 share purchase warrants to purchase 4,000,000 shares Warrant Exercise Price: $0.25 for a one year period $0.30 in the second year Number of Placees: 9 placees No Insider/Pro Group Participation Finder's Fee: $40,000 cash, 190,000 common shares and 380,000 compensation options payable to Limited Market Dealer 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. TSX-X ----------------------------------- SUROCO ENERGY INC. ("SRN") BULLETIN TYPE: Halt BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company Effective at 8:03 a.m. PST, June 1, 2007, trading in the shares of the Company was halted at the request of the Company, pending an announcement; this regulatory halt is imposed by Market Regulation Services, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules. TSX-X ----------------------------------- TG WORLD ENERGY CORP. ("TGE") BULLETIN TYPE: Halt BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company Effective at 11:55 a.m. PST, June 1, 2007, trading in the shares of the Company was halted at the request of the Company; this regulatory halt is imposed by Market Regulation Services, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules. TSX-X ----------------------------------- THE JENEX CORPORATION ("JEN") BULLETIN TYPE: Shares for Debt BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's proposal to issue 219,994 shares to settle outstanding debt for $59,398.48. Number of Creditors: 4 Creditors The Company shall issue a news release when the shares are issued and the debt extinguished. TSX-X ----------------------------------- TORRENTIAL ENERGY LTD. ("TNL.P") BULLETIN TYPE: CPC-Information Circular BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's CPC Information Circular dated May 28, 2007, for the purpose of mailing to shareholders and filing on SEDAR. TSX-X ----------------------------------- WesternOne Equity Income Fund ("WEQ.UN") BULLETIN TYPE: Prospectus-Unit Offering BULLETIN DATE: June 1, 2007 TSX Venture Tier 1 Company Effective May 25, 2007, the Company's Prospectus dated May 25, 2007 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Securities Commission, pursuant to the provisions of the Securities Act. TSX Venture Exchange has been advised that closing occurred on June 1, 2007, for gross proceeds of $18,000,000. Agents: Blackmont Capital Inc., Dundee Securities Corporation, Canaccord Capital Corporation, Raymond James Ltd., HSBC Securities (Canada) Inc. and Sora Group Wealth Advisers Inc. Offering: 4,500,000 units Unit Price: $4.00 per unit Greenshoe Option: The Agent may over-allot the units in connection with this offering and the Company has granted to the Agent, an option to purchase additional units, up to 15% of the offering, at $4.00 gross, up to the close of business June 30, 2007. TSX-X ----------------------------------- ZOOMMED INC. ("ZMD") BULLETIN TYPE: Private Placement- Brokered BULLETIN DATE: June 1, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on April 13, 2007: Number of Shares: 20,000,000 common shares Purchase Price: $0.30 per common share Warrants: 9,999,996 common share purchase warrants to purchase 9,999,996 common shares Warrant Exercise Price: $0.45 during the 24 months following the closing of the private placement Placees: 29 placees Insider/Pro Group Participation: Name Insider equals Y/Pro Group equals P Number of Shares Fernand Biard P 160,000 Valier Boivin Y 369,834 Pietro Perrino Y 200,000 Agents: Loewen, Ondaatje, McCutcheon Limited Agents' Fee: $450,000 in cash and warrants to purchase a total of 1,500,000 units at an exercise price of $0.30 per unit during a period of 18 months from the date of closing. Each unit includes one share and one-half warrant. Each warrant will entitle the purchase of one common share at $0.45 per share for a 24 month period following the closing of the Private Placement The Company has confirmed the closing of the above-mentioned Private Placement by way of a press release dated April 25, 2007. ZOOMMED ("ZMD") TYPE DE BULLETIN : Placement privé par l'entremise d'un courtier DATE DU BULLETIN : Le 1 juin 2007 Société du groupe 2 de Bourse de croissance TSX 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 2007 : Nombre d'actions : 20 000 000 actions ordinaires Prix : 0,30 $ par action ordinaire Bons de souscriptions : 9 999 996 bons de souscription permettant l'acquisition de 9 999 996 actions ordinaires Prix d'exercice des bons : 0,45 $ par action ordinaire pour une période de 24 mois suivant la clôture Souscripteurs : 29 souscripteurs Participation des initiés/Groupe Pro : Nom Initié égale Y/Groupe Pro égale P Nombre d'actions Fernand Biard P 160 000 Valier Boivin Y 369 834 Pietro Perrino Y 200 000 Agents : Loewen, Ondaatje, McCutcheon Limited Commission des agents : 450 000 $ en espèces et bons de souscription permettant de souscrire 1 500 000 unités au prix d'exercice de 0,30 $ l'unité pendant une période 18 mois suivant la date de clôture du placement privé. Chaque unité inclut une action et un-demi bon de souscription. Chaque bon de souscription permettra de souscrire à une action ordinaire au prix de 0,45 $ l'action pour une période de 24 mois suivant la clôture du placement privé. La société a confirmé la clôture du placement privé par voie de communiqué de presse le 25 avril 2007. TSX-X ----------------------------------- NEX COMPANIES ADVANCED EXPLORATIONS INC. ("AXI") (formerly Advanced Explorations Inc. ("AXI.H")) BULLETIN TYPE: Change of Business, Private Placement-Brokered, Shares for Debt, Shares for Bonuses, Graduation from NEX to TSX Venture, Symbol Change, Remain Halted BULLETIN DATE: June 1, 2007 NEX Company TSX Venture Exchange has accepted for filing the Company's Change of Business, which involves the Company's acquisition by the Company of a 50.1% interest in certain leases (the "Roche Bay Magnetite Project") situated in located near Roche Bay, on the eastern Melville Peninsula, within the District of Franklin, Nunavut Territory from Roche Bay Plc. ("Roche Bay") pursuant to an option agreement ("Agreement") between the Advanced and Roche Bay dated January 29, 2007, as amended. Under the Agreement, Abbastar must pay Roche Bay $250,000 within 5 days following acceptance of the transaction by the Exchange and issue rights (the "Rights") to Roche Bay as to 8,000,000 Rights at an exercise price of $0.35 per Right upon Exchange approval, 2,000,000 Rights at an exercise price of $0.60 per Right upon completion of 15,000 meters of drilling, and finally 2,000,000 Rights at an exercise price of $1.00 per Right upon the completion of both (a) a total of 30,000 meters of drilling and (b) a NI 43-101 compliant pre-feasibility study based on an envisioned minimum 6 million tonne per year mining operation containing a resource estimate of at least 750,000,000 tonnes on iron ore in the aggregate among the "measured" and "indicated" categories. Each Right will entitle the holder to purchase one common share of the Issuer within a period of 3 years after the date of issue. In addition, finder's fees are payable to the following arm's length parties: (1) 48,206 shares issued to 834689 Ontario Ltd. and (2) 96,413 shares issued to John Moses. Insider/Pro Group Participation: None. Escrowed: None. In addition, the Exchange has accepted for filing the following: Private Placement-Brokered TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced on March 30, 2007: Number of Shares: 7,737,000 non flow-through units 946,333 flow-through shares Purchase Price: $1.25 per non flow-through share $1.50 per flow-through share Warrants: 3,868,500 share purchase warrants to purchase 3,868,500 shares Warrant Exercise Price: $2.00 for a two year period Number of Placees: 27 placees (non flow-through) 5 placees (flow-through) Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Rob Anderson P 60,000 nf/t Rosseau Limited Partnership Y 1,798,000 nf/t Merrill Lynch International Y 1,500,000 nf/t Finder's Fee: D & D Securities Company will receive an Advisory Fee of $111,500, a cash commission of $126,080, 70,480 non flow-through Broker Warrants that are exercisable into common shares at $1.25 per share and 24,520 flow-through Broker Warrants that are exercisable into common shares at $1.50 per share for a two year period. Octagon Capital Corporation will receive a cash commission of $124,880, 70,480 non flow-through Broker Warrants exercisable into common shares at $1.25 per share and 24,520 flow-through Broker Warrants exercisable into common shares at $1.50 per share for a two year period. Haywood Securities will receive a finder's fee of 960 non flow-through Broker Warrants exercisable into common shares at $1.25 per share for a two year period. Limited Market Dealers Inc. - $28,500 and 13,333 flow-through Broker Warrants that are exercisable into common shares at $1.50 per share for a two year period. Parolini Marketing Services Ltd. (Joe Parolini) will receive a commission of $298,150. 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. Shares for Debt TSX Venture Exchange has accepted for filing the Company's proposal to issue 294,763 shares to settle outstanding debt for $368,454.14. Number of Creditors: 1 Creditor Insider/Pro Group Participation: Insider equals Y/ Amount Deemed Price Creditor Progroup equals P Owing per Share No. of Shares 2053068 Ontario Ltd. Y $368,454.14 $1.25 294,763 The Company shall issue a news release when the shares are issued and the debt extinguished. Shares for Bonuses TSX Venture Exchange has accepted for filing the Company's proposal to issue an aggregate of 420,591 bonus shares in consideration of Non-Recourse Loan Agreements between the Company and certain lenders. The following insider is one of the lenders receiving bonus shares: Shares Geotechnical Business Solutions Inc. (John Gingerich) 160,000 Gingerich Family Trust 64,000 Graduation from NEX to TSX Venture, Symbol Change and Remain Halted The Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective on June 4, 2007, 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 Toronto. Effective at the opening, June 4, 2007, the trading symbol for the Company will change from AXI.H to AXI and trading will remain halted. TSX-X ----------------------------------- SURGE RE

SOURCES INC. ("SRH.H") BULLETIN TYPE: Halt BULLETIN DATE: June 1, 2007 NEX Company Effective at 8:04 a.m. PST, June 1, 2007, trading in the shares of the Company was halted at the request of the Company, pending an announcement; this regulatory halt is imposed by Market Regulation Services, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules. TSX-X -----------------------------------

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