TSX Venture Exchange Daily Bulletins



    VANCOUVER, Dec. 11 /CNW/ -

    
    TSX VENTURE COMPANIES

    BULLETIN TYPE: Notice to Issuers
    BULLETIN DATE: December 11, 2007
    Re: Deal Structure and Founder Shares Bulletin

    Background

    Recently, the TSX Venture Exchange (the "Exchange") has received a number
of new listing submissions in which a large proportion of securities have been
issued to principals and third parties for nominal consideration. The Exchange
is concerned about the impact these structures could have on the integrity of
the Exchange and the confidence of its participants.

    Amendments to Policy

    Effective Date

    The contents of this bulletin will be set out formally in an amended
Exchange Policy 2.1 which the Exchange expects to issue in 2008. However, the
information set out in this bulletin should be used as guidance by market
participants. The concepts set out in this bulletin will be applied by the
Exchange to new listing submissions (including listing submissions involving
IPOs, RTOs or QTs) effective today. Exchange staff will continue to work with
market participants to ensure their deal structures are acceptable and
encourage issuers to pre-file their submissions accordingly. The contents of
this bulletin do not otherwise affect any existing listing requirements
contained in Exchange policies.

    General Concept

    The Exchange will not object to certain transactions where the amount of
"Founder Shares", as defined below, equals, or falls below, a determined
threshold.

    Founder Shares

    Founder Shares means any security issued, or proposed to be issued, to:

    (i)   any person for less than $0.05 per security;

    (ii)  a party related to the issuer for the purchase of an asset with no
          acceptable supporting valuation;

    (iii) a principal to settle a debt or obligation for less than the last
          price per security which the security was issued for or at a price
          per security which the Exchange does not consider reasonable given
          the circumstances; or

    (iv)  a principal for the primary purpose of increasing that principal's
          interest in the issuer without a corresponding tangible benefit to
          the issuer.

    The Exchange will consider the number of Founder Shares in the aggregate
in determining whether a transaction structure is acceptable under this
bulletin and the amended policy. In addition, the final determination on
whether a person is or is not a principal or a party related to the issuer
will be that of the Exchange, using its discretion and based upon the
particular facts of the submission and the resulting interest of a security
holder in the issuer after giving effect to the transaction. In exercising its
discretion, the Exchange may deem certain securities, which have been or are
proposed to be issued, and which may not technically be captured under the
"Founder Shares" definition noted above, to be, nonetheless, Founder Shares.

    Allowable Transactions

    The Exchange will not object to:

    (i)  a transaction which otherwise satisfies applicable existing listing
         requirements and under which the issuer has issued, or proposes to
         issue, Founder Shares, which, cumulatively (and with Founder Shares
         being calculated on a fully diluted basis), represent, or would
         represent no more than 15% of the issuer's issued and outstanding
         securities at the time of listing; or

    (ii) a transaction which otherwise satisfies applicable listing
         requirements and under which an issuer has issued, or proposes to
         issue, Founder Shares which, cumulatively (and with Founder Shares
         being calculated on a fully diluted basis), represent, or would
         represent, in excess 15% of the issuer's issued and outstanding
         securities at the time of listing, provided the issuer also
         completes an acceptable financing concurrent with the listing.

    The Exchange will consider an acceptable financing to be any equity
financing which:

    (A) raises gross proceeds of no less than $10,000,000, of which no less
        than 75% has been subscribed for by arm's length parties; or

    (B) results in the issuance of no less than 50% of the issued and
        outstanding securities of the issuer at the time of listing, of which
        no less than 75% has been subscribed for by arm's length parties.

    Application

    As noted above, guidance under this bulletin, and the provisions of the
amended policy, will apply to all new listing submissions effective today.
However, in the case of industrial, technology or research & development
issuers, the Exchange may be more flexible in its application of the Founder
Shares definition. For these issuers, the Exchange may not require a formal
valuation or might relax the 15% threshold on securities having a value of
less than $0.05 if the principal has clearly contributed a tangible benefit to
the issuer over time. The Exchange encourages industrial, technology and
research & development issuers to meet with Exchange staff prior to making a
listing submission if they have further questions regarding the structure of a
transaction.
    If you have questions about these changes, please contact:

    In British Columbia: Andrew Hancharyk, Phone: 604-602-6982,
    Fax: 604-844-7502.
    In Alberta: Peter Varsanyi, Phone: 403-218-2860, Fax: 403-234-4211
    In Ontario: Ungad Chadda, Phone: 416-365-2206, Fax: 416-365-2224.
    In Québec: Louis Doyle, Phone: 514-788-2407, Fax: 514-788-2421.

    TYPE DE BULLETIN : Avis aux émetteurs
    DATE DU BULLETIN : Le 11 décembre 2007
    Objet : Structure d'opération et actions de fondateur

    Contexte

    Ces derniers temps, la Bourse de croissance TSX (la "Bourse") a reçu un
certain nombre de demandes de nouvelles inscriptions dont des titres ont été
pour une large part émis à des principaux intéressés et à des tiers pour une
contrepartie symbolique. La Bourse est préoccupée par l'effet que ce type de
structure pourrait avoir sur son intégrité et sur la confiance de ses
participants.

    Modification de la politique

    Date d'effet

    Les modifications dont il est question dans le présent bulletin seront
énoncées formellement dans la Politique 2.1 modifiée que la Bourse prévoit
publier en 2008. Toutefois, l'information contenue dans le présent bulletin
doit servir d'indications aux participants du marché, et la Bourse appliquera
les principes dont il est question ici aux demandes de nouvelles inscriptions
(y compris celles qui sont présentées dans le cadre d'un premier appel public
à l'épargne, d'une prise de contrôle inversée ou d'une opération admissible) à
partir de la date du présent bulletin. Le personnel de la Bourse continuera de
travailler avec les participants du marché pour veiller à ce que la structure
de leur opération soit acceptable et incitera les émetteurs à déposer au
préalable leur demande. Le contenu du présent bulletin ne modifie par ailleurs
aucune des autres exigences d'inscription que contiennent les politiques en
vigueur de la Bourse.

    Principe général

    La Bourse ne s'opposera pas à certaines opérations si le nombre d'"actions
de fondateur", au sens attribué à ce terme ci-après, est égal ou inférieur à
un seuil déterminé.

    Actions de fondateur

    Les actions de fondateur s'entendent de tous titres émis ou dont on
projette l'émission aux personnes suivantes :

    (i)   toute personne, moyennant un prix inférieur à 0,05 $ l'action;

    (ii)  une personne reliée, en vertu de l'achat d'un actif n'ayant pas
          fait l'objet d'une attribution de valeur acceptable;

    (iii) un principal intéressé, en règlement d'une dette ou d'une
          obligation, moyennant un prix inférieur au dernier prix auquel le
          titre a été émis ou à un prix dont la Bourse considère
          déraisonnable, selon les circonstances; ou

    (iv)  un principal intéressé, en vue principalement d'augmenter la
          participation de ce dernier dans l'émetteur, sans que l'émetteur en
          tire concrètement un avantage réciproque.

    La Bourse examinera les actions de fondateur dans leur ensemble pour
déterminer si la structure d'une opération est acceptable aux termes du
présent bulletin et de la politique modifiée. De plus, la Bourse décidera en
définitive si une personne est ou non un principal intéressé ou une partie
reliée, en usant de son pouvoir discrétionnaire et en se fondant sur les faits
de la demande et sur la participation que la personne aura auprès de
l'émetteur après l'opération. Dans l'exercice de son pouvoir discrétionnaire,
la Bourse pourra néanmoins considérer comme des actions de fondateur certains
titres émis ou dont on projette l'émission qui ne sont pas spécifiquement
couverts par la définition d'"actions de fondateur" donnée ci-dessus.

    Opérations permises

    La Bourse ne s'opposera pas aux opérations suivantes :

    (i)  l'opération qui répond par ailleurs aux exigences d'inscription en
         vigueur applicables et dans le cadre de laquelle l'émetteur a émis
         ou projette d'émettre des actions de fondateur qui représentent, ou
         représenteraient dans l'ensemble (le nombre d'actions de fondateur
         étant calculé sur une base pleinement diluée) au plus 15 % de ses
         titres émis et en circulation au moment de l'inscription; ou

    (ii) l'opération qui répond par ailleurs aux exigences d'inscription
         applicables et dans le cadre de laquelle l'émetteur a émis ou
         projette d'émettre des actions de fondateur qui représentent, ou
         représenteraient dans l'ensemble (le nombre d'actions de fondateur
         étant calculé sur une base pleinement diluée) plus de 15 % de ses
         titres émis et en circulation au moment de l'inscription, sous
         réserve que l'émetteur réalise également un financement concomitant
         acceptable au moment de l'inscription.

    La Bourse considérera comme acceptable tout financement par actions qui
répond à l'un des critères suivants :

    A) le produit brut réuni s'élève à au moins 10 000 000 $, et 75 % au
       moins des titres émis ont été souscrits par des personnes sans lien de
       dépendance; ou

    B) le nombre de titre émis équivaut à 50 % au moins des titres émis et en
       circulation de l'émetteur au moment de l'inscription, et 75 % au moins
       des titres émis ont été souscrits par des personnes sans lien de
       dépendance.

    Application

    Les indications données dans le présent bulletin et les dispositions de la
politique modifiée s'appliqueront à toutes demandes de nouvelles inscriptions,
en vigueur immédiatement. Cependant, en ce qui concerne les émetteurs des
secteurs de l'industrie, de la technologie et de la recherche et du
développement, la Bourse pourrait se montrer plus souple dans l'application de
la définition des actions de fondateur. Elle pourrait, pour ces émetteurs, ne
pas exiger d'évaluation formelle, ou encore se montrer plus souple dans
l'application du seuil de 15 % des titres dont la valeur est inférieure à 0,05
$ si le principal intéressé a clairement apporté un avantage concret à
l'émetteur au fil du temps. La Bourse demande aux émetteurs des secteurs de
l'industrie, de la technologie et de la recherche et du développement de
rencontrer son personnel avant de déposer une demande d'inscription s'ils ont
d'autres questions au sujet de la structure prévue d'une opération.
    Si vous avez des questions au sujet de ces modifications, veuillez
communiquer avec l'une des personnes suivantes :

    En Colombie-Britannique : Andrew Hancharyk, tél. : 604-602-698,
    téléc. : 604-844-7502;
    En Alberta : Peter Varsanyi, tél. : 403-218-2860, téléc. : 403-234-4211;
    En Ontario : Ungad Chadda, tél. : 416-365-2206, téléc. : 416-365-2224;
    Au Québec : Louis Doyle, tél. : 514-788-2407, téléc. : 514-788-2421.

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

    ALLIANCE GRAIN TRADERS INCOME FUND ("AGT.UN")
    BULLETIN TYPE: Notice of Distribution
    BULLETIN DATE: December 11, 2007
    TSX Venture Tier 2 Company

    The Issuer has declared the following distribution:

    Distribution per Trust Unit:            $0.135
    Payable Date:                           January 7, 2008
    Record Date:                            December 28, 2007
    Ex-Distribution Date:                   December 24, 2007

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

    AMSECO EXPLORATION LTD. ("AEL")
    BULLETIN TYPE: Property-Asset or Share Purchase Agreement
    BULLETIN DATE: December 11, 2007
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing the documentation relating to
a Property Acquisition Agreement dated October 9, 2007, whereby the Company
has the option to acquire a 100% interest in 10 claims located in the James
Bay area, in the province of Québec.
    The Company is required to issue 400,000 shares.
    The vendor will retain a 2% Net Smelter Royalty, half of which (1%) can be
bought back for $1,000,000.
    For further information, please refer to the Company's press release dated
November 20, 2007.

    EXPLORATION AMSECO LTEE ("AEL")
    TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
    DATE DU BULLETIN : Le 11 décembre 2007
    Société du groupe 2 de TSX Croissance

    Bourse de croissance TSX a accepté le dépôt de documents relativement à
une convention d'achat de propriété datée du 9 octobre 2007, selon laquelle la
société a l'option d'acquérir un intérêt de 100 % dans 10 claims situés dans
le secteur de la Baie James dans la province de Québec.
    La société doit émettre 400 000 actions.
    Le vendeur conservera une royauté de 2 % du produit net de la vente des
métaux, dont la moitié (1%) pourra être rachetée au prix de 1 000 000 $.
    Pour plus d'information, veuillez référer au communiqué de presse émis par
la société le 20 novembre 2007.

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

    BANDERA GOLD LTD. ("BGL")
    BULLETIN TYPE: Warrant Term Extension
    BULLETIN DATE: December 11, 2007
    TSX Venture Tier 2 Company

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

    Private Placement:

    No. of Warrants:                        850,000
    Original Expiry Date of Warrants:       January 4, 2008
    New Expiry Date of Warrants:            January 4, 2009
    Exercise Price of Warrants:             $1.25

    These warrants were issued pursuant to a private placement of 1,700,000
shares with 850,000 share purchase warrants attached, which was accepted for
filing by the Exchange effective January 15, 2007.

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

    BELLHAVEN COPPER & GOLD INC. ("BHV")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: December 11, 2007
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced November 13, 2007:

    Number of Shares:        4,111,310 shares

    Purchase Price:          $0.90 per share

    Warrants:                2,055,655 share purchase warrants to purchase
                             2,055,655 shares

    Warrant Exercise Price:  $1.45 for a two year period. The warrants are
                             subject to an accelerated exercise provision in
                             the event the Company's shares trade above $2.45
                             for 20 consecutive days.

    Number of Placees:       23 placees

    Insider/Pro Group Participation:

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

    Thomas W. Seltzer        P                                 50,000

    Finder's Fees:           Haywood Securities Inc. - $15,435.00 and 19,600
                             non-transferable warrants that are exercisable
                             into common shares at $1.45 per share for a two
                             year period and are subject to the accelerated
                             exercise provision.

                             FineLineExpertise (Blair M. Shilleto) -
                             $31,612.00 and 40,888 non-transferable warrants
                             that are exercisable into common shares at $1.45
                             per share for a two year period and are subject
                             to the accelerated exercise provision.

                             Valoro Capital Group (Ag) - $211,965.53 and
                             147,729 non-transferable warrants that are
                             exercisable into common shares at $1.45 per
                             share for a two year period and are subject to
                             the accelerated exercise provision.

                             Tobias Tretter - 51,662 non-transferable
                             warrants that are exercisable into common shares
                             at $1.45 per share for a two year period and are
                             subject to the accelerated exercise provision.

                             Werner Ullmann - 69,026 non-transferable
                             warrants that are exercisable into common shares
                             at $1.45 per share for a two year period and are
                             subject to the accelerated exercise provision.

    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
                     ------------------------------------

    BLUEROCK RE

SOURCES LTD. ("BRD") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation in connection with the following: 1. A Mineral Property Purchase and Sale Agreement dated September 25, 2007 between the Company and Russell D. Neesham whereby the Company will purchase a 100% interest in the Donna-K Property that is located in Montrose County, Colorado. Consideration is US$80,000 (US$40,000 upon Exchange acceptance and US$40,000,000 within 24 months) and 16,000 common shares. 2. A Mineral Property Purchase and Sale Agreement dated September 29, 2007 between the Company and Terre Neesham whereby the Company has purchase a 100% interest in the Darhl Property that is located in Montrose County, Colorado. Consideration is US$26,000 (US$13,000 upon Exchange acceptance and US$13,000 within 12 months) and 14,000 common shares. TSX-X ------------------------------------ BLUEROCK RE

SOURCES LTD. ("BRD") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing a Mineral Property Purchase and Sale Agreement dated September 25, 2007 between the Company and Le Roy C. Draves whereby the Company has acquired a 100% interest in the Doe Boy No.7 Property located in Montrose County, Colorado. Consideration is US$14,000 and 2,000 common shares. TSX-X ------------------------------------ BONAVENTURE ENTERPRISES INC. ("BVT") BULLETIN TYPE: Private Placement-Brokered BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced September 26, 2007 and November 15, 2007: Number of Shares: 14,691,098 flow-through shares 795,000 non flow-through shares Purchase Price: $0.60 per flow-through share $0.40 per non flow-through share Warrants: 14,691,098 share purchase warrants (flow-through unit) to purchase 14,691,098 shares at $1.05 in the first year and at $2.00 for six months. 397,500 share purchase warrants (non flow- through units) to purchase 397,500 shares at $0.65 for an 18-month period. Number of Placees: 23 placees (flow-through) 7 placees (non flow-through) Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Alan Cheatley P 100,000 James W. Dennis P 25,000 Don Tsung P 50,000 Commission: Salman Partners Inc. will receive an 8% cash fee of $730,612.70 and 10% in Agent's Warrants, or 1,469,110 non-transferable share purchase warrants exercisable into common shares at $1.05 per share during the first year and at $2.00 per share for the last six months and 79,500 non- transferable share purchase warrants exercisable into common shares at $0.65 per share for an 18 month 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. 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 ------------------------------------ BROADBAND LEARNING CORPORATION ("BLC") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 31, 2007: Convertible Debenture: $1,500,000 Conversion Price: Convertible into one common share at $0.10 of principal outstanding. Maturity date: October 31, 2012 Warrants: 15,000,000 warrants, each exercisable into one common share at a price of $0.10 for a period of five years. Interest rate: 10% Number of Placees: 1 placee Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ Principal Amount CarEm Enterprises Inc. Y $1,500,000 Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). TSX-X ------------------------------------ CALL GENIE INC. ("GNE") BULLETIN TYPE: Graduation BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has been advised that the Company's shares will be listed and commence trading on Toronto Stock Exchange at the opening on December 12, 2007, under the symbol "GNE". As a result of this Graduation, there will be no further trading under the symbol "GNE" on TSX Venture Exchange after December 11, 2007, and its shares will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange. TSX-X ------------------------------------ EMPIRE INDUSTRIES LTD. ("EIL") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: December 11, 2007 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation relating to an arm's length amalgamation agreement between a wholly owned subsidiary of the Company and Tornado Technologies Inc. ("Tornado") whereby, the shareholders of Tornado received 2.09 common share of the Company for each Tornado share held. The Tornado shareholders received a total of 31,277,344 shares of the Company at a deemed price of $0.55 per share. TSX-X ------------------------------------ EXMIN RE

SOURCES INC. ("EXM") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: December 11, 2007 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 6, 2007: Number of Shares: 2,736,318 shares Purchase Price: $0.40 per share Number of Placees: 1 placee Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Hochschild Mining Holdings Ltd. Y 2,736,318 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 ------------------------------------ EXPLOR RE

SOURCES INC. ("EXS") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the documentation relating to an Option Agreement dated November 13, 2007, whereby the Company has the option to acquire 100% of the Vendor's interests in 25 claims located in the Wark and Kidd Townships, in the Province of Ontario. The Company is required to pay $6,000 in cash and issue a total of 150,000 shares upon signing the agreement. The Vendor shall retain a 2% Net Smelter Royalty in the property, half of which (1%) may be redeemable by the Company at any time for $1,000,000. For further information, please refer to the Company's press release dated November 14, 2007. EXPLOR RE

SOURCES INC. ("EXS") TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions DATE DU BULLETIN : Le 11 décembre 2007 Société du groupe 2 de TSX Croissance Bourse de croissance TSX a accepté le dépôt de documents en vertu d'une convention d'option datée du 13 novembre 2007, selon laquelle la société a l'option d'acquérir 100 % de l'intérêt du vendeur dans 25 claims situés dans les cantons de Wark et de Kidd, dans la province de l'Ontario. La société doit payer 6 000 $ en espèces et émettre un total de 150 000 actions à la signature de l'entente. Le vendeur conservera une royauté de 2 % du produit net de la vente des métaux dont la moitié (1 %) est rachetable par la société en tout temps en contrepartie de 1 000 000 $. Pour plus d'information, veuillez référer au communiqué de presse émis par la société le 14 novembre 2007. TSX-X ------------------------------------ EXPLOR RE

SOURCES INC. ("EXS") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the documentation relating to an Option Agreement dated November 12, 2007, whereby the Company has the option to acquire 100% of the Vendor's interests in 32 claims located in the Wark and Kidd Townships, in the Province of Ontario. The Company is required to pay $10,000 in cash and issue a total of 140,000 shares upon signing the agreement. The Vendor shall retain a 2% Net Smelter Royalty in the property, half of which (1%) may be redeemable by the Company at any time for $1,000,000. For further information, please refer to the Company's press release dated November 16, 2007. EXPLOR RE

SOURCES INC. ("EXS") TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions DATE DU BULLETIN : Le 11 décembre 2007 Société du groupe 2 de TSX Croissance Bourse de croissance TSX a accepté le dépôt de documents en vertu d'une convention d'option datée du 12 novembre 2007, selon laquelle la société a l'option d'acquérir 100 % de l'intérêt du vendeur dans 32 claims situés dans les cantons de Wark et de Kidd, dans la province de l'Ontario. La société doit payer 10 000 $ en espèces et émettre un total de 140 000 actions à la signature de l'entente. Le vendeur conservera une royauté de 2 % du produit net de la vente des métaux dont la moitié (1 %) est rachetable par la société en tout temps pour 1 000 000 $. Pour plus d'information, veuillez consulter le communiqué de presse émis par la société le 16 novembre 2007. TSX-X ------------------------------------ GOLD SUMMIT CORPORATION ("GSM") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation pertaining to an Option Agreement (the "Agreement") dated October 31, 2007, between Gold Summit Corporation (the "Company"), and Perry English Prospecting Services, on behalf of Rubicon Minerals Corp. (the "Vendors"), whereby the Company can acquire a 100% interest in 15 mining claim units (the "Burning Lake Property") located in Satterley Township, near Dryden, Ontario. As consideration for the Property, the Company will make cash payments totaling CDN$70,000 and issue 100,000 common shares over a four year period. For further details, please refer to the Company's news release dated December 3, 2007. TSX-X ------------------------------------ INVICTA OIL & GAS LTD. ("IGG") BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Private Placement-Brokered BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company Property-Asset or Share Purchase Agreement: TSX Venture Exchange has accepted for filing an Assignment Agreement dated July 6, 2007 (the 'Agreement') between Invicta Oil & Gas Ltd. (the 'Company') and Kepis & Pobe Investments Inc. (the "Vendor"), pursuant to which the Company has agreed to acquire 90% of the shares of Cheetah Oil & Gas Ltd. (British Columbia) ("Cheetah BC"). Cheetah BC indirectly holds interests in approximately 8.4 million acres of land prospective for oil and natural gas in Papua New Guinea (the "PNG Lands"). In connection with the acquisition, the Company is paying US$3.25 million to the Vendor to acquire its rights to (i) subscribe for shares of Cheetah BC and (ii) to acquire debt owed by Cheetah Oil & Gas Ltd. to Macquarie Holdings (USA) Inc. The Vendor has agreed to accept US$2,250,000 of the purchase price in the form of 3,968,437 Invicta shares, based on an issue price of CDN$0.56 per share. The Company has exercised its rights to acquire 90% of the shares of Cheetah BC for a net subscription price of US$15.0 million. The Company has also agreed to make an additional US$10.0 million contribution of capital to Cheetah BC on or before December 31, 2008. The acquisition proceeds paid and further capital contributions to be paid to Cheetah BC will be used to fund exploration and development on the PNG Lands. Insider/Pro Group Participation: N/A For further details, please refer to the Company's press releases dated July 27, 2007 and November 27, 2007 available on SEDAR. Private Placement-Brokered: TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 1, 2007 and as updated November 5 and November 8, 2007: Number of Shares: 77,293,138 shares Purchase Price: $0.56 per share Number of Placees: 54 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Anita Datt P 4,000 Agent's Fee: 4,380,445 common shares payable to Signature Capital Corporation 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 ------------------------------------ JASPER MINING CORPORATION ("JSP") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement: Number of Shares: 375,000 flow-through shares Purchase Price: $0.40 per share Warrants: 375,000 share purchase warrants to purchase 375,000 common shares Exercise Price: $0.75 per share for the first year and $1.00 until the end of year two Number of Placees: 1 placee Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Units John Dixon Y 375,000 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). TSX-X ------------------------------------ JOURDAN RE

SOURCES INC. ("JRN") BULLETIN TYPE: Private Placement- Brokered BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced August 24, 2007: Number of shares: 5,555,553 flow-through common shares Purchase price: $0.18 per flow-through common share Warrants: 5,555,553 warrants to purchase 5,555,553 common shares Warrant exercise price: $0.20 per share for an initial six month period, $0.30, per share for an additional six month period, $0.40 per share for an additional six month period and $0.50 per share for an additional six month period Number of placees: 5 placees Insider/Pro Group Participation: Name Insider equals Y/Pro Group equals P Number of Shares Ronald Wortel P 55,555 Agent: Limited Market Dealer Inc. Agent's Fee: $30,000 cash, 111,111 common shares and 555,555 agent options to purchase 555,555 units at an exercise price of $0.18 per unit for a 24 month period. Each unit includes one common share and one common share purchase warrant. Each common share purchase warrant may be exercised at a price of $0.20 per share for an initial 6 month period, $0.30, per share for an additional 6 month period, $0.40 per share for an additional 6 month period and $0.55 per share for an additional 6 month period The Company has confirmed the closing of the above-mentioned private placement. RES

SOURCES JOURDAN INC. ("JRN") TYPE DE BULLETIN : Placement privé par l'entremise d'un courtier DATE DU BULLETIN : Le 11 décembre 2007 Société du groupe 2 TSX croissance Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé sans l'entremise d'un courtier, tel qu'annoncé le 24 août 2007 : Nombre d'actions : 5 555 553 actions ordinaires accréditives Prix : 0,18 $ par action ordinaire accréditives Bons de souscription : 5 555 553 bons de souscription permettant de souscrire à 5 555 553 actions ordinaires Prix d'exercice des bons : 0,20 $ par action pour une période initiale de six mois, 0,30 $ par action pour une période additionnelle de six mois, 0,40 $ par action pour une période additionnelle de six mois et 0,50 $ par action pour une période additionnelle de six mois Nombre de souscripteurs : 5 souscripteurs Participation des initiés/Groupe Pro : Nom Initié égale Y/Groupe Pro égale P Nombre d'actions Ronald Wortel P 55,555 Agent: Limited Market Dealer Inc. Commission de l'agent : 30 000 $ en espèces, 111 111 actions ordinaires et 555,555 options à l'agent, permettant de souscrire à 555 555 unités au prix de 0,18 $ l'unité pour une période de 24 mois. Chaque unité comprend une action et un bon de souscription. Chaque bon de souscription permet de souscrire à une action ordinaire au prix de 0,20 $ par action pour une période initiale de 6 mois, 0,30 $ par action pour une période additionnelle de 6 mois, 0,40 $ par action pour une période additionnelle de 6 mois et 0,55 $ par action pour une période additionnelle de 6 mois La société a confirmé la clôture du présent placement privé. TSX-X ------------------------------------ KEEGAN RE

SOURCES INC. ("KGN") BULLETIN TYPE: Private Placement-Non-Brokered, Correction BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated December 10, 2007, the Private Placement is a Brokered Private Placement. TSX-X ------------------------------------ KRISTINA CAPITAL CORP. ("KCA.P") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 16, 2007: Number of Shares: 2,000,000 flow-through shares Purchase Price: $0.22 per flow-through share Number of Placees: 20 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Murray Atkins Y 200,000 Kristina Atkins Y 100,000 Kathryn Eyton P 100,000 Dominic Spooner P 100,000 Steve Cochrane P 50,000 Philip Heinrich P 50,000 Sarine Mustapha P 50,000 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). TSX-X ------------------------------------ MILL CITY GOLD CORP. ("MC") BULLETIN TYPE: Halt BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company Effective at 9:30 a.m. PST, December 11, 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 ------------------------------------ ONSINO CAPITAL CORPORATION ("OS.H") (formerly Onsino Capital Corporation ("OS.P")) BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company In accordance with TSX Venture Policy 2.4, Capital Pool Companies, the Company has not completed a Qualifying Transaction within the prescribed time frame. Therefore, effective at the opening on Wednesday, December 12, 2007, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Toronto to NEX. As of December 12, 2007, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from OS.P to OS.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the TSX Venture Exchange Bulletin dated August 31, 2007, trading in the Company's securities will remain suspended. TSX-X ------------------------------------ PRIVA INC. ("PIV") BULLETIN TYPE: Halt, Correction BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company CORRECTION: Further to the TSX Venture Exchange Bulletin dated December 10, 2007, the Bulletin should have read as follows: Effective at 10:48 a.m. PST, December 10, 2007, trading in the shares of the Company was halted, transfer agent services having been suspended; 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 ------------------------------------ TEMORIS RE

SOURCES INC. ("TMO") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the documentation relating to an agreement, whereby the Company has acquired and additional 22.5% interest in the Souart property thereby increasing its interest to 87.5%. Pursuant to the Agreement, the Company is required to issue 200,000 shares. For further information please refer to the Company's news release dated November 30, 2007. RES

SOURCES TEMORIS INC. ("TMO") TYPE DE BULLETIN: Convention d'achat de propriété, d'actif ou d'actions DATE DU BULLETIN : Le 11 décembre 2007 Société du groupe 2 de TSX Croissance Bourse de croissance TSX a accepté le dépôt de documents en vertu d'une convention, selon laquelle la société a fait l'acquisition d'un intérêt additionnel de 22,5% dans la propriété Souart portant son intérêt à 87,5%. Aux termes de l'entente, la société doit émettre 200 000 actions. Pour plus d'information, veuillez vous référer au communiqué de presse émis par la société le 30 novembre 2007. TSX-X ------------------------------------ TEXADA CAPITAL CORP. ("TXC.P") BULLETIN TYPE: Halt BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company Effective at 9:33 a.m. PST, December 11, 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 ------------------------------------ THE GRIFFIN CORPORATION ("GRN") BULLETIN TYPE: Resume Trading BULLETIN DATE: December 11, 2007 TSX Venture Tier 1 Company Effective at the open, December 11, 2007, shares of the Company resumed trading, an announcement having been made over StockWatch. TSX-X ------------------------------------ TORNADO TECHNOLOGIES INC. ("TDO") BULLETIN TYPE: Delist-Offer to Purchase BULLETIN DATE: December 11, 2007 TSX Venture Tier 1 Company Effective at the close of business, December 11, 2007, the common shares of Tornado Technologies Inc. ("Tornado") will be delisted from TSX Venture Exchange. The delisting of Tornado's shares results from an amalgamation agreement between Tornado and 1336950 Alberta Ltd., a wholly owned subsidiary of Empire Industries Ltd. ("EIL"). The shareholders of Tornado received 2.09 shares of EIL for each Tornado share held and the Tornado shareholders received a total of 31,277,344 shares. For further information please refer to Tornado's information circular dated October 17, 2007 and news release dated September 18, 2007. TSX-X ------------------------------------ TRELAWNEY RE

SOURCES INC. ("TRR") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation pertaining to a Letter Agreement (the "Agreement"), dated November 21, 2007, between the Trelawney Resources Inc. (the "Company") and West Timmins Mining Inc. - a TSX listed company (the "Vendor"), whereby the Company can acquire up to a 50% interest certain mining claims (the "La Bufa Property") located in Chihuahua State, Mexico. Under the terms of the Agreement, the Company can earn a 50% interest in the Property by making aggregate cash payments of CDN$310,000 over a four year period, issuing a total of 1,500,000 common shares over a two year period, and by incurring US$1,000,000 in exploration expenditures over a five year period. TSX-X ------------------------------------ TS TELECOM LTD. ("TOM.H") (formerly TS Telecom Ltd. ("TOM")) BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change BULLETIN DATE: December 11, 2007 TSX Venture Tier 1 Company In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective December 12, 2007, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 1 to NEX, and the Filing and Service Office will change from Calgary to NEX. As of December 12, 2007, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from TOM to TOM.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. TSX-X ------------------------------------ TS TELECOM LTD. ("TOM") BULLETIN TYPE: Property-Asset or Share Disposition Agreement BULLETIN DATE: December 11, 2007 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation pursuant to a arm's length sales and purchase agreement announce May 10, 2007 (the "Agreement"), whereby TS Telecom Ltd. (the "Company") will sell 168,960,000 common shares of T S Telecom Technologies Limited. In consideration the Company received HK$5,000,000. TSX-X ------------------------------------ TS TELECOM LTD. ("TOM") BULLETIN TYPE: Property-Asset or Share Disposition Agreement BULLETIN DATE: December 11, 2007 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation pursuant to a non-arm's length sales and purchase agreement announce March 13, 2007, 2007 (the "Agreement"), whereby TS Telecom Ltd. (the "Company") will sell certain subsidiaries of T S Telecom Technologies Limited ("Disposal Group") to Mr. Raymond Lau. In consideration the Company received HK$3,000,000 and the assumption of approximately HK$120,000,000 in advances to the Disposal Group TSX-X ------------------------------------ VICTORIA RE

SOURCE CORPORATION ("VIT") BULLETIN TYPE: Halt BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company Effective at the open, December 11, 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 ------------------------------------ VICTORIA RE

SOURCE CORPORATION ("VIT") BULLETIN TYPE: Resume Trading BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company Effective at 10:45 a.m. PST, December 11, 2007, shares of the Company resumed trading, an announcement having been made over Marketwire. TSX-X ------------------------------------ YOUNG-SHANNON GOLD MINES, LIMITED ("GYS") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: December 11, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 1, 2007: Number of Shares: 21,800,000 shares Purchase Price: $0.10 per share Warrants: 10,900,000 share purchase warrants to purchase 10,900,000 shares Warrant Exercise Price: $0.15 for a two year period Number of Placees: 53 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Kevin Bullock Y 200,000 Lindsay Mine Ltd. Y 50,000 Greg Lipton Y 50,000 Rodney Thomas Y 50,000 Neil Daymond P 750,000 Stephen Gilbert P 50,000 Finder's Fee: 225,000 common shares payable to Verdmont Capital, S.A. 318,750 common shares payable to LOM Capital Limited $56,625 in cash payable to Brant Securities Limited $52,500 in cash payable to Blackmont Capital Inc. For further details, please refer to the Company's news release dated December 10, 2007. TSX-X ------------------------------------

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