TSX Venture Exchange Daily Bulletins



    VANCOUVER, Jan. 25 /CNW/ -

    
    TSX VENTURE COMPANIES

    ADCORE CAPITAL INC. ("ACR.P")
    BULLETIN TYPE: New Listing-CPC-Shares
    BULLETIN DATE: January 25, 2008
    TSX Venture Tier 2 Company

    This Capital Pool Company's ('CPC') Prospectus dated December 21, 2007 has
been filed with and accepted by TSX Venture Exchange and the British Columbia
and Alberta Securities Commission effective December 24, 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 (2,000,000 common shares at $0.10 per share).

    Commence Date:           At the opening Monday January 28, 2008, the
                             Common shares will commence trading on TSX
                             Venture Exchange.

    Corporate Jurisdiction:  British Columbia

    Capitalization:          Unlimited common shares with no par value of
                                       which
                             4,000,000 common shares are issued and
                                       outstanding
    Escrowed Shares:         2,000,000 common shares

    Transfer Agent:          Pacific Corporate Trust Company
    Trading Symbol:          ACR.P
    CUSIP Number:            00652Y 10 6
    Sponsoring Member:       PI Financial Corp.

    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
December 21, 2007.

    Company Contact:         Paul Cox
    Company Address:         207 - 1425 Marine Drive
                             West Vancouver, BC V7T 1B9

    Company Phone Number:    (778) 786-1285
    Company Fax Number:      (604) 926-5806
    Company Email Address:   paulcox@adcorecapital.com

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

    ALDER RE

SOURCES LTD. ("ALR") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation in connection with a participation and exploration agreement (the "Agreement") between Alder Resources Ltd. (the "Company") and Epsilon Energy USA, Inc. ("Epsilon") dated January 10, 2008. Under the Agreement the Company has the right to acquire a 15% working interest (the "Working Interest") in seven natural gas wells (the "Wells") to be drilled on certain leases (the "Leases") held by Epsilon and located in Cabel, Mason and Jackson Counties, West Virginia, USA. The Leases are subject to existing overriding royalties totaling 16.5% held by third parties such that the Working Interests that the Company will acquire will be equivalent to 12.525% net revenue interests which will be earned in the Wells when they are drilled. Under the Agreement, the Company must pay (i) US$80,000 (paid on execution of the Agreement) to reimburse Epsilon for costs incurred by Epsilon in connection with the Working Interest; (ii) US$40,000 (paid) as an advance against the cost of drilling the Wells; (iii) a spud fee of US$20,000 for each Well; and (iv) 15% of the costs of each Well. TSX-X --------------------------------------------------- AVION RE

SOURCES CORP. ("AVR") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation in connection with a property acquisition agreement between Avion Resources Corp. (the "Company") and Aberdeen International Inc. ("Aberdeen") dated as of November 28, 2007 (the "Agreement"). Under the Agreement, the Company has acquired certain exploration licenses in Ethiopia covering an aggregate of five blocks totaling 2,674km2 in the Northern Regional State of Tigray and five blocks totaling 1,766km(2) in the Western Regional State of Asosa (the "Licenses") held by Aberdeen and the rights and obligations held by Aberdeen pursuant to an agreement between Aberdeen and Ethio-Gibe Canada Mining PLC (the "Ethio-Gibe Agreement"). As consideration for the Licenses, the Company shall (i) make a cash payment of $250,000 on issuance of this bulletin, a further cash payment of $750,000 on or before June 30, 2008, and further cash payment of $1,000,000 on or before December 31, 2008 (the "Cash Payments") (upon mutual agreement of the Company and Aberdeen the Cash Payments may be paid through the issuance of common shares of the Company); and (ii) issue 1,500,000 share purchase warrants (the "Warrants") to Aberdeen, where each Warrant is exercisable by the holder to acquire one common share of the Company at an exercise price of $0.48 for a period of 18 months from the date of closing of the acquisition of the Licenses. In addition, the Company has agreed to pay a 1.5% net smelter royalty to Aberdeen in addition to a 2% net smelter royalty payable by the Company to Ethio-Gibe Canada Mining PLC under the Ethio-Gibe Agreement. Insider/Pro Group Participation: Stan Bharti, a director of the Company is a director of Aberdeen. TSX-X --------------------------------------------------- BLACK PEARL MINERALS CONSOLIDATED INC. ("BLK") BULLETIN TYPE: Halt BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company Effective at the open, January 25, 2008, 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 --------------------------------------------------- BUFFALO GOLD LTD. ("BUF") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: January 25, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 4, 2007, December 10, 2007 and January 21, 2008: Number of Shares: 17,774,001 shares Purchase Price: $0.45 per share Warrants: 8,887,001 share purchase warrants to purchase 8,887,001 shares Warrant Exercise Price: $0.75 for a two year period Number of Placees: 34 placees Insider/Pro Group Participation: Insider equals Y / Name ProGroup equals P / No. of Shares Christos Doulis P 10,000 Haywood Securities ITF Bolder Opportunities I LP P 500,000 Finder's Fees: Canaccord Capital Corporation - $131,832.48 and 3,649,722 non-transferable share purchase warrants at are exercisable into common shares at $0.75 per share for a two year period. Blackmont Capital Inc. - $47,250.00 and 105,000 non-transferable share purchase warrants at are exercisable into common shares at $0.75 per share for a two year period. M. Partners Inc. - $210,105.00 and 466,900 non- transferable share purchase warrants at are exercisable into common shares at $0.75 per share for a two year period. Bolder Investment Partners - $15,750.00 and 35,000 non-transferable share purchase warrants at are exercisable into common shares at $0.75 per share for a two year period. Penson Financial Services Canada Inc. - $1,732.50 and 3,888 non-transferable share purchase warrants at are exercisable into common shares at $0.75 per share for a two year period. Dundee Securities Corp. - $6,300.00 and 14,000 non-transferable share purchase warrants at are exercisable into common shares at $0.75 per share for a two year period. George Hajduk - $10,048.50 JMW Capital Corp. (Jevin Werbes) - $37,275.00 Dean Eyman - $1,505.06 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 --------------------------------------------------- CANTEX MINE DEVELOPMENT CORP. ("CD") BULLETIN TYPE: Shares for Debt BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's proposal to issue 14,107,728 shares at a deemed price of $0.07 per share to settle outstanding debt for $987,540.97. Number of Creditors: 1 Creditor Insider/Pro Group Participation: Insider equals Y / Amount Deemed Price No. of Creditor Progroup equals P Owing per Share Shares Charles E. Fipke Y $84,494.20 $0.07 1,235,631 Kel-Ex Developments Ltd. (Charles E. Fipke) Y $765,853.70 $0.07 12,872,097 The Company shall issue a news release when the shares are issued and the debt extinguished. TSX-X --------------------------------------------------- GFI OIL & GAS CORPORATION ("GFI") BULLETIN TYPE: Shares for Bonuses BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company TSX Venture Exchange (the Exchange) has accepted for filing the Company's proposed financing arrangement between the Company and six lenders (the Lenders), some of whom are shareholders of the Company, whereby the Lenders have agreed to provide the Company a $25,500,000 bridge loan (the Bridge Loan) at an interest rate of 15% per annum, payable on July 15, 2008 (the Term). The Company may pre-pay the Bridge Loan and all accrued interest at any time prior to January 31, 2008 (the Pre-Payment Date). If the Company does not repay the Bridge Loan and all accrued interest prior to the Pre-Payment Date, then the Company has agreed to issue 0.35 share purchase warrants for every $1.00 of the Bridge Loan then outstanding (the Initial Warrants.) Each Initial Warrant will entitle the holder to acquire one common share of the Company (the Common Share) for a period of two years from the date of issuance at a price equal to the volume-weighted average closing price of the Common Shares on the Exchange for the 10 trading day period ending on the last trading day prior to the Pre-Payment Date. If the Company does not repay the Bridge Loan and all accrued interest prior to the end of the Term, then the Company has agreed to issue an additional 0.25 share purchase warrants for every $1.00 of the Bridge Loan then outstanding (the Additional Warrants) Each Additional Warrant will entitle the holder to acquire one Common Share for a period of two years from the date of issuance at a price equal to the volume-weighted average closing price of the Common Shares on the Exchange for the 10 trading day period ending on the last trading day prior to the last day of the Term. In addition, pursuant to the Bridge Loan, the Company paid a commitment fee equal to 2% of the amount of the Bridge Loan, through the issuance to the Lenders of a total of 541,486 Common Shares at a price of $0.917 per share, which included issuances to the following insiders or affiliates of insiders: Shares EnCap Energy Capital Fund V L.P. 64,529 EnCap Energy Capital Fund V-B L.P 51,089 EnCap Energy Capital Fund VI L.P 96,820 EnCap Energy Capital Fund VI-B L.P 52,997 Macquarie Bank Limited 106,174 Laminar Direct Capital L.P. 63,704 For further information, please refer to the Company's news release dated October 18, 2007. TSX-X --------------------------------------------------- GRIDSENSE SYSTEMS INC. ("GSN") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation in connection with an Acquisition Agreement dated January 23, 2008 between the Company, Transformer Contracting, Inc. (Transformer IQ), Kevin Anderson and Doug McKay pursuant to which the Company will acquire a 100% interest in Transformer IQ, a private California-based corporation. Consideration payable is a $300,000 promissory note, $24,730.38 in cash and the issuance of 3,000,000 common shares of the Company. Insider/Pro Group Participation: N/A TSX-X --------------------------------------------------- ICIENA VENTURES INC. ("IIE") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing an Amended and Restated Mineral Property Purchase and Operating Agreement dated October 31, 2007 (the 'Agreement') between Iciena Ventures Inc. (the 'Company'), 0787522 BC Ltd. and Mineradora Bravo Cavalo Ltda (collectively the "Vendors"), pursuant to which the Company has the option to acquire an 80% interest in certain Brazilian mineral exploration concessions which collectively comprise the Botavi Diamond Project located in north-central Mato Grosso State, Brazil (the 'Property'). The aggregate consideration payable by the Company to the Vendors for the Property is 10,000,000 common shares and a work commitment of $2,000,000 in exploration expenditures to be incurred on the Property within a two year period. Insider/Pro Group Participation: N/A For further details, please refer to the Company's press release dated December 11, 2007 available on SEDAR. TSX-X --------------------------------------------------- NAYARIT GOLD INC. ("NYG") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 2, 2008: Number of Shares: 5,682,500 shares Purchase Price: $0.40 per share Warrants: 5,682,500 share purchase warrants to purchase 5,682,500 shares Warrant Exercise Price: $0.60 in the first year $0.70 in the second year Number of Placees: 40 placees Finder's Fee: $9,100, plus 27,300 finder warrants payable to Citadal Securities Inc. Each finder warrant is exercisable into one common share at a price of $0.60 in the first year and $0.70 in the second year. 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 --------------------------------------------------- PELE MOUNTAIN RE

SOURCES INC. ("GEM") BULLETIN TYPE: Halt BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company Effective at 6:17 a.m. PST, January 25, 2008, 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 --------------------------------------------------- PELE MOUNTAIN RE

SOURCES INC. ("GEM") BULLETIN TYPE: Resume Trading BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company Effective at 9:00 a.m. PST, January 25, 2008, shares of the Company resumed trading, an announcement having been made over Marketwire. TSX-X --------------------------------------------------- PLEXMAR RE

SOURCES INC. ("PLE") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement announced on December 21, 2007: Number of Shares: 3,157,145 common shares Purchase Price: $0.14 per common share Warrants: 1,578,573 warrants to purchase 1,578,573 common shares. Warrant Exercise Price: $0.20 for a 12-month period Number of Placees: 29 placees Insider/Pro Group Participation: Insider equals Y/ Name Pro Group equals P Number of Shares Pierre Labbé Y 75,000 David L. Hamilton-Smith P 100,000 Bernard Morin P 100,000 Stephane Rail P 100,000 Finders' fee: $22,540 in cash and 161,000 brokers' warrants payable to Canaccord Capital Corporation and $1,960 in cash payable to Bernard Morin. Each warrant can be exercised at $0.14 per share for a 12-month period. The Company has announced the closing of the above-mentioned Private Placement by way of a press release dated January 18, 2008. RES

SOURCES PLEXMAR INC. ("PLE") TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier DATE DU BULLETIN : Le 25 janvier 2008 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 21 décembre 2007 : Nombre d'actions : 3 157 145 actions ordinaires Prix : 0,14 $ par action ordinaire Bons de souscription : 1 578 573 bons de souscription permettant de souscrire à 1 578 573 actions ordinaires. Prix d'exercice des bons : 0,20 $ pour une période de 12 mois Nombre de souscripteurs : 29 souscripteurs Participation Initié/Groupe Pro : Initié égale Y / Nom Groupe Pro égale P Nombre d'actions Pierre Labbé Y 75 000 David L. Hamilton-Smith P 100 000 Bernard Morin P 100 000 Stephane Rail P 100 000 Frais d'intermédiation : 22 540 $ au comptant et 161 000 bons de souscription payables à Corporation Canaccord Capital et 1 960 $ au comptant payables à Bernard Morin. Chaque bon de souscription permet de souscrire à une action au prix de 0,14 $ l'action pour une période de 12 mois. La société a annoncé la clôture de ce placement privé dans un communiqué de presse daté du 18 janvier 2008. TSX-X --------------------------------------------------- RAIN RE

SOURCES INC. ("RAN.P") BULLETIN TYPE: New Listing-CPC-Shares BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company This Capital Pool Company's ('CPC') amended and restated Prospectus dated January 9, 2008 has been filed with and accepted by TSX Venture Exchange and the British Columbia, Alberta and Ontario Securities Commission effective January 11, 2008, pursuant to the provisions of the British Columbia, Alberta and Ontario Securities Acts. 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 $563,200 (2,816,000 common shares at $0.20 per share). Commence Date: At the opening January 28, 2008, the Common shares will commence trading on TSX Venture Exchange. Corporate Jurisdiction: British Columbia Capitalization: unlimited common shares with no par value of which 4,566,000 common shares are issued and outstanding Escrowed Shares: 1,950,000 common shares Transfer Agent: Pacific Corporate Trust Company Trading Symbol: RAN.P CUSIP Number: 75079P102 Sponsoring Member: Global Securities Corporation Agent's Options: 217,280 non-transferable stock options. One option to purchase one share at $0.20 per share up to 24 months. For further information, please refer to the Company's Prospectus dated January 9, 2008. Company Contact: Ryan Spong Company Address: 320 - 319 West Pender Street Vancouver, BC V6B 1T3 Company Phone Number: 604-761-7291 Company Fax Number: 1-866-458-2731 Company Email Address: ryanspong@mainstreetadvisors.ca TSX-X --------------------------------------------------- RIVAL ENERGY LTD. ("RGY") BULLETIN TYPE: Delist-Plan of Arrangement BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company Effective at the close of business January 25, 2008, the common shares of Rival Energy Ltd. will be delisted from TSX Venture Exchange. The delisting of the Company's shares results from a Plan of Arrangement dated December 19, 2007. Pursuant to the Agreement, each Rival shareholder may elect to receive either (i) 1.35 cash (ii) 0.0562 Zargon Units or (iii) a combination of cash and Units for each Rival share held. For further information please refer to Rivals' Information Circular dated December 19, 2007. TSX-X --------------------------------------------------- ROLLAND ENERGY INC. ("ROE") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced December 31, 2007: Number of Shares: 6,097,947 flow-through common shares Purchase Price: $0.07 per flow-through common share Warrants: 6,097,947 share purchase warrants to purchase 6,097,947 shares Warrant Exercise Price: $0.10 during January 1, 2010 Number of Placees: 40 placees Insider/Pro Group Participation: Insider equals Y/ Name Pro Group equals P Number of Shares Hervé Rolland Y 57,160 Finders' Fee: $21,795.52 in cash to 140-852 Canada inc., Michel Bérubé and Canaccord Capital Inc. The Company has confirmed the closing of the private placement in a news release dated December 31, 2007. ROLLAND ENERGIE INC. ("ROE") TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier DATE DU BULLETIN : Le 25 janvier 2008 Société du groupe 2 de 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 31 décembre 2007 : Nombre d'actions : 6 097 947 actions ordinaires accréditives Prix : 0,07 $ par action ordinaire accréditive Bons de souscription : 6 097 947 bons de souscription permettant de souscrire à 6 097 947 actions Prix d'exercice des bons : 0,10 $ jusqu'au 1er janvier 2010 Nombre de souscripteurs : 40 souscripteurs Participation des initiés/Groupe Pro : Initié égale Y/ Nom Groupe Pro égale P Nombre d'actions Hervé Rolland Y 57 160 Frais d'intermédiation: 21 795,52 $ comptant à 140-852 Canada inc., Michel Bérubé et Canaccord Capital Inc. La société a confirmé la clôture du placement privé dans un communiqué de presse du 31 décembre 2007. TSX-X --------------------------------------------------- ROLLAND ENERGY INC. ("ROE") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced December 31, 2007: Number of Shares: 4,134,282 common shares Purchase Price: $0.05 per common share Warrants: 4,134,282 share purchase warrants to purchase 4,134,282 shares Warrant Exercise Price: $0.10 during until January 1, 2010 Number of Placees: 40 placees Insider/Pro Group Participation: Insider equals Y/ Name Pro Group equals P Number of Shares Hervé Rolland Y 20,006 Finders' Fee: $5,448.88 in cash to 140-852 Canada inc., Michel Bérubé and Canaccord Capital Inc. The Company has confirmed the closing of the private placement in a news release dated December 31, 2007. ROLLAND ENERGIE INC. ("ROE") TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier DATE DU BULLETIN : Le 25 janvier 2008 Société du groupe 2 de 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 31 décembre 2007: Nombre d'actions : 4 134 282 actions ordinaires Prix : 0,05 $ par action ordinaire Bons de souscription : 4 134 282 bons de souscription permettant de souscrire à 4 134 282 actions Prix d'exercice des bons : 0,10 $ jusqu'au 1er janvier 2010 Nombre de souscripteurs : 40 souscripteurs Initié égale Y / Nom Groupe Pro égale P Nombre d'actions Hervé Rolland Y 20 006 Frais d'intermédiation: 5 448,88 $ comptant à 140-852 Canada inc., Michel Bérubé et Canaccord Capital Inc. La société a confirmé la clôture du placement privé dans un communiqué de presse du 31 décembre 2007. TSX-X --------------------------------------------------- Solara Exploration Ltd. ("SAA.A") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 4, 2008: Number of Shares: 820,000 Class A flow-through shares Purchase Price: $0.35 per share Number of Placees: 4 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P / No. of Shares Karen Holding Y 40,000 Donald R. Holding Y 20,000 Ross O. Drysdale Y 40,000 No Finder's Fee payable 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 --------------------------------------------------- STELMINE CANADA LTD. ("STH") BULLETIN TYPE: New Listing-IPO-Shares BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company The Company's Initial Public Offering ('IPO') Prospectus dated December 21, 2007, has been filed with and accepted by TSX Venture Exchange, and filed with and receipted by L'Autorité des marchés financiers on December 21, 2007, pursuant to the Securities Act, R.S.Q. c.V1.1. The gross proceeds received by the Company for the Offering were $1,365,000 (2,730,000 flow-through shares at $0.30 per share and 2,730,000 non-flow-through shares at $0.20 per share). The Company is classified as a 'Gold Mining' company. Commence Date: At the opening January 28, 2008, the Common shares will commence trading on TSX Venture Exchange. Corporate Jurisdiction: Canada Capitalization: Unlimited number of common shares with no par value of which 5,760,000 common shares are issued and outstanding Escrowed Shares: NIL common shares Transfer Agent: Computershare Investor Services Inc. Trading Symbol: STH CUSIP Number: 85857E 10 4 Agent: Canaccord Capital Corporation Agent's Warrants: 546,000 non-transferable share purchase warrants. One warrant to purchase one share at $0.20 per share up to December 31, 2009. For further information, please refer to the Company's Prospectus dated December 21, 2007. Company Contact: Michel Lemay Company Address: 1155 rue University, bureau 812 Montreal, Quebec H3B 3A7 Company Phone Number: 514-866-6299 Company Fax Number: 514-866-8096 TSX-X --------------------------------------------------- Texalta Petroleum Ltd. ("TEX.A") BULLETIN TYPE: Normal Course Issuer Bid BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has been advised by the Company that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated January 23, 2008, it may repurchase for cancellation, up to 1,702,518 shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange during the period January 29, 2008 to January 28, 2009. Purchases pursuant to the bid will be made by BMO Nesbitt Burns Inc. on behalf of the Company. TSX-X --------------------------------------------------- THE ENDURANCE FUND CORPORATION ("END") (formerly The Endurance Fund Corporation ("END.H")) BULLETIN TYPE: Qualifying Transaction-Completed, Private Placement- Non Brokered, Graduation from NEX to TSX Venture, Symbol Change, Reinstated for Trading BULLETIN DATE: January 25, 2008 TSX Venture Tier 2 Company The common shares of the Company have been suspended from trading since March 8, 2007 for failure to complete its Qualifying Transaction within 24 months of listing. As a result of the completed Qualifying Transaction, effective at the opening January 28, 2008, trading in the shares of the Company will be reinstated. TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated October 31, 2007. As a result, at the opening January 28, 2008, the Company will no longer be considered a Capital Pool Company. The Company is classified as a 'Mineral Exploration/Development' company. The Qualifying Transaction includes the following: Qualifying Transaction Further to the majority share exchange agreement dated October 31, 2007, the Company has acquired all of the issued and outstanding common shares and warrants of North American Uranium Corp. ("NAUC") by issuing 9,859,286 common shares of the Company at a deemed issue price of $1.00 per share, and warrants to acquire 357,143 common shares at an exercise price of $0.50 per share. NAUC is a mining and exploration company which owns a number of mining claims and interests in Northwestern Ontario and Newfoundland. Of all the securities issued, a total of 2,892,923 common shares are subject to a Tier 2 surplus escrow agreement, which provides for staged releases over a period of 72 months. A total of 5,612,077 common shares are subject to a Tier 2 value escrow agreement, which provides for staged releases over a period of 36 months. In addition, a total of 745,000 previously issued common shares of the Company remain subject to the original CPC Escrow Agreement, which shares will also be released in stages over a 36-month period. Private Placement - Non-Brokered TSX Venture Exchange has also accepted for filing documentation with respect to a Non-Brokered Private Placement announced on November 2, 2007: Number of Shares: 1,855,250 common shares Purchase Price: $1.00 per share Warrants: 927,625 share purchase warrants to purchase 927,625 shares Warrant Exercise Price: $1.25 for an eighteen month period Number of Placees: 14 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Units Nick Tsimidis Y 5,000 Michael Stares Y 10,000 Finder's fee: $56,000 and 70,000 Broker Warrants paid to Limited Market Dealer Inc. $40,000 and 50,000 Broker Warrants paid to Northern Precious Metals Management Inc. $46,800 paid to 1063956 Ontario Inc. Each Broker Warrant entitles the holder to purchase one common share at $1.00 per share for 24 months after the date of issuance. 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. The private placement has been closed simultaneously with the Qualifying Transaction. Post - Qualifying Transaction Capitalization: Unlimited common shares with no par value of which 18,514,536 common shares are issued and outstanding Escrow: 2,892,923 common shares to be released in stages over a period of 72 months. 6,357,077 common shares to be released in stages over a period of 36 months. Transfer Agent: Equity Transfer & Trust Company For further information, please refer to the Company's Filing Statement dated October 31, 2007. Graduation from NEX to TSX Venture, Symbol Change The Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective on January 28, 2008, 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 January 28, 2008 , the trading symbol for the Company will change from END.H to END (same symbol but with .P removed) Company Contact: Nick Tsimidis, Chief Financial Officer Company Address: 155 Rexdale Blvd., Suite 309 Toronto, ON M9W 5Z8 Company Phone Number: (416) 742-5600 Company Fax Number: (416) 742-6410 TSX-X ---------------------------------------------------

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or email: information@venture.com


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