TSX Venture Exchange Daily Bulletins



    VANCOUVER, Jan. 30 /CNW/ -

    
    TSX VENTURE COMPANIES

    AFRICA WEST MINERALS CORP. ("AFW")
    (formerly Villanova Capital Corp. ("VC.P"))
    BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Property-
    Asset or Share Purchase Agreement, Private Placement-Non-Brokered, Name
    Change, Resume Trading
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    Qualifying Transaction-Completed:

    TSX Venture Exchange has accepted for filing the Company's Qualifying
Transaction described in its Filing Statement dated January 10, 2008. As a
result, at the opening on January 31, 2008, the Company will no longer be
considered a Capital Pool Company. The Qualifying Transaction includes the
following:

    Property-Asset or Share Purchase Agreement:

    TSX Venture Exchange has accepted for filing an Arrangement Agreement
dated November 6, 2007 as amended December 10, 2007 pursuant to which the
Company has issued 11,282,067 common shares to acquire all the issued and
outstanding shares of Africa West Minerals Corp. 3,430,000 of these shares are
subject to a Tier 2 Surplus Security Escrow Agreement.
    100,000 shares have been issued to LF Ventures Inc. (Steve Bajic) as a
Finder's Fee in connection with this transaction.

    Insider/Pro Group Participation:

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

    James T. Gillis          Y                                600,000
    Christopher J. Wild      Y                                 30,000

    Private Placement-Non-Brokered:

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced October 5, 2007:

    Number of Shares:        1,007,000 shares

    Purchase Price:          $0.30 per share

    Warrants:                503,500 share purchase warrants to purchase
                             503,500 shares

    Warrant Exercise Price:  $0.55 for a two year period

    Number of Placees:       11 placees

    Insider/Pro Group Participation:

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

    Jeff Berwick             Y                                 50,000

    Name Change:

    Pursuant to a resolution passed by company directors, the Company has
changed its name to Africa West Minerals Corp. There is no consolidation of
capital.
    Effective at the opening January 31, 2008, the common shares of Africa
West Minerals Corp. will commence trading on TSX Venture Exchange, and the
common shares of Villanova Capital Corp. will be delisted. The Company is
classified as a 'Mineral Exploration' company.

    Capitalization:          Unlimited shares with no par value of which
                            22,639,067 shares are issued and outstanding
    Escrow:              2,100,000 CPC Escrow Shares
                             3,430,000 Tier 2 Surplus Security Escrow Shares

    Transfer Agent:          Olympia Trust Company
    Trading Symbol:          AFW         (new)
    CUSIP Number:            00830A 10 3 (new)

    The Exchange has been advised that the above transactions have been
completed.

    Company Contact:         James T. Gillis
    Company Address:         Suite 699-235 First Avenue
                             Kamloops, BC  V2C 3J4

    Company Phone Number:    250-314-0186
    Company Fax Number:      250-828-1005

    Resume Trading:

    The common shares of the Company have been halted from trading since
October 5, 2007, pending completion of a Qualifying Transaction.
    Effective at the open, January 31, 2008, trading in the shares of the
Company will resume under the new trading symbol.

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

    ALTACANADA ENERGY CORP. ("ANG")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced December 10, 2007 and January 9,
2008:

    Number of Shares:        5,100,000 common shares

    Purchase Price:          $0.32 per share

    Number of Placees:       3 placees

    Insider/Pro Group Participation:

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

    ANG Partners, Ltd.
     (James Collins)         Y                              4,687,500
    Michael Hibberd          Y                                312,500
    Donald Foulkes           Y                                100,000

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

    EMM ENERGY INC. ("M")
    BULLETIN TYPE: Normal Course Issuer Bid
    BULLETIN DATE: January 30, 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 317,213 shares in its own capital
stock. The purchases are to be made through the facilities of TSX Venture
Exchange during the period February 1, 2008 to January 31, 2009. Purchases
pursuant to the bid will be made by RBC Capital Markets on behalf of the
Company.

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

    EVEN TECHNOLOGIES INC. ("ETI")
    BULLETIN TYPE: Shares for Debt
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing the Company's proposal to
issue 1,037,623 shares to settle outstanding debt for (euro)121,402.

    Number of Creditors:     1 Creditor

    Insider/Pro Group Participation: N/A

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

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

    FORTRESS MINERALS CORP. ("FST")
    BULLETIN TYPE: Shares for Bonuses
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing the Company's proposal to
issue 133,333 bonus shares at a deemed value of $1.20 per share to the
following insider in consideration of a loan in the amount of $800,000.

                                                                     Shares

    Lorito Holdings Ltd. (Ellegrove Capital Ltd. - Lundin Trust)    133,333

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

    GEODEX MINERALS LTD. ("GXM")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced December 7, 2007:

    Number of Shares:        1,479,567 shares

    Purchase Price:          $1.15 per share

    Warrants:                739,798 share purchase warrants to purchase
                             739,798 shares

    Warrant Exercise Price:  $1.65 for a one year period

    Number of Placees:       61 placees

    Insider/Pro Group Participation:

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

    Timothy Wyman            P                                 87,000
    David Durnie             P                                 10,000
    Teepy Tang               P                                  3,000

    Finder's Fees:           $2,070 cash and 1,800 warrants payable to
                             Canaccord Capital Corp.
                             $18,457.50 cash and 16,050 warrants payable to
                             Gateway Securities

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

    GOLDEN HOPE MINES LIMITED ("GNH")
    BULLETIN TYPE: Halt
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    Effective at 8:08 a.m. PST, January 30, 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
                       ------------------------------

    GOLDEN HOPE MINES LIMITED ("GNH")
    BULLETIN TYPE: Resume Trading
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    Effective at 9:15 a.m. PST, January 30, 2008, shares of the Company
resumed trading, an announcement having been made over Canada News Wire.

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

    KAMINAK GOLD CORPORATION ("KAM")
    BULLETIN TYPE: Halt
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    Effective at the open, January 30, 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
                       ------------------------------

    KCC CAPITAL CORPORATION ("KIC.P")
    BULLETIN TYPE: New Listing-CPC-Shares
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    This Capital Pool Company's ('CPC') Prospectus dated December 20, 2007 has
been filed with and accepted by TSX Venture Exchange and the British Columbia,
Alberta and Ontario Securities Commissions effective December 27, 2007,
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
$750,000 (7,500,000 common shares at $0.10 per share).

    Commence Date:           At the opening January 31, 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
                             9,700,000 common shares are issued and
                                       outstanding
    Escrowed Shares:         2,200,000 common shares

    Transfer Agent:          Pacific Corporate Trust Company (Vancouver)
    Trading Symbol:          KIC.P
    CUSIP Number:            48243B 10 1
    Sponsoring Member:       Research Capital Corporation and Haywood
                             Securities Inc.

    Agent's Options:         750,000 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 20, 2007.

    Company Contact:         Douglas C. Betts, Director
    Company Address:         8 King St. E., Suite 1200
                             Toronto, ON  M5C 1B5

    Company Phone Number:    (416) 861-3099 x222
    Company Fax Number:      (416) 861-9027
    Company Email Address:   dbetts@kingswaygroup.ca

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

    LIGNOL ENERGY CORPORATION ("LEC")
    BULLETIN TYPE: Resume Trading
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    Effective at the open, January 30, 2008, shares of the Company resumed
trading, an announcement having been made over Canada News Wire.

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

    LOS ANDES COPPER LTD. ("LA")
    BULLETIN TYPE: Property-Asset or Share Purchase Agreement
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing an agreement in principal as
of January 23, 2008 between Compania Minera Vizcachitas Holding, a subsidiary
of Los Andes Copper Ltd. (the 'Company') and Inversiones Y Asesorias El Sauce
Sociedad Anonima, whereby the Company will acquire a consumptive water right
to 250 liters of water per second of surface water flow on the Agoncagua River
to be used for potential future mining operations at the Company's Vizcachitas
Project located in Chile.
    Total consideration consists of US$4,250,000 in cash payments, 50% of
which is payable on execution of the purchase agreement, 25% by the first
anniversary, and the remaining 35% by the second anniversary of the purchase
agreement.

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

    MEDICAL VENTURES CORP. ("MEV")
    BULLETIN TYPE: Halt
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    Effective at 6:00 a.m. PST, January 30, 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
                       ------------------------------

    MEDMIRA INC. ("MIR")
    BULLETIN TYPE: Shares for Debt
    BULLETIN DATE: January 30, 2008
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing the Company's proposal to
issue 1,893,939 shares to settle outstanding debt for $500,000.

    Number of Creditors:     1 Creditor

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

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

    MURGOR RE

SOURCES INC. ("MGR.RT") BULLETIN TYPE: Rights Offering-Units BULLETIN DATE: January 30, 2008 TSX Venture Tier 2 Company The Company has announced it will offer to shareholders of record at February 8, 2008, Rights to purchase Units of the Company. One Right will be issued for each share held. Eight Rights and $0.60 are required to purchase one Unit, each Unit consisting of one common share and one common share purchase warrant. One common share purchase warrant and $1.00 entitles the buyer to purchase one share of the Company for a period of one year. In the event that the closing of the common shares of the Company is $1.20 or more for a period of 20 consecutive trading days, the Company will be entitled to accelerate the expiry date of the common share purchase warrant to a date that is at least 30 days after the date of the notice to that effect from the Company to the holders of warrant. The common share purchase warrants will not be listed on the Exchange. The Rights Offering will expire on March 3, 2008. As at January 25, 2008, the Company had 22,697,225 shares issued and outstanding. Effective at the opening on February 6, 2008, the shares of the Company will trade Ex-Rights and the Rights will commence trading at that time on a 'when-issued basis'. The Company is classified as 'Mining Exploration/Development' Issuer. Summary: Basis of Offering: One Right will be issued for each share held. Eight Rights exercisable for one Unit at $0.60 per Unit. Record Date: February 8, 2008 Shares Trade Ex-Rights: February 6, 2008 Rights Called for Trading: February 6, 2008 Rights Trade for Cash: February 27, 2008 Rights Cease Trading: March 3, 2008 at 12:00 p.m. EST (noon) Rights Expire: March 3, 2008 at 5:00 p.m. EST Rights Trading Symbol: MGR.RT Rights CUSIP Number: 62660P 12 1 Subscription Agent and Trustee: Computershare Investor Services Inc. Authorized Jurisdictions: British Columbia, Alberta, Manitoba, Ontario, Saskatchewan, Nova Scotia, New Brunswick, Newfoundland and Labrador, Prince Edward Island and Québec For further details, please refer to the Company's Rights Offering Circular dated January 28, 2008. It is expected that the Rights Offering Circular will be mailed to the shareholders on February 11, 2008. The Company's Rights Offering Circular has been filed with and accepted by the British Columbia, Alberta, Manitoba, Ontario, Saskatchewan, Nova Scotia, New Brunswick, Newfoundland and Labrador, Prince Edward Island Securities Commissions and the Autorité des marchés financiers pursuant to the provisions of the British Columbia, Alberta, Manitoba, Ontario, Saskatchewan, Nova Scotia, New Brunswick, Newfoundland and Labrador, Prince Edward Island and Québec Securities Acts. RES

SOURCES MURGOR INC. ("MGR.RT") TYPE DE BULLETIN : Offre de droits-Unités DATE DU BULLETIN : Le 30 janvier 2008 Société du groupe 2 de TSX Croissance La société a annoncé qu'elle émettra, aux actionnaires inscrits aux registres le 8 février 2008, des droits de souscription permettant d'acheter des unités de la société. Un droit sera émis pour chaque action détenue. Huit droits et 0,60 $ sont requis afin de souscrire à une unité. Chaque unité est composée d'une action ordinaire et d'un bon de souscription. Chaque bon de souscription permet au porteur d'acquérir une action ordinaire au prix de 1,00 $ pour une période d'un an. Si le cours de clôture des actions ordinaires de la société est de 1,20 $ ou plus pendant un délai de 20 jours de bourse consécutifs, la société aura le droit d'accélérer la date d'échéance des bons de souscription à une date qui tombe au moins 30 jours après la date de l'avis donné en ce sens par la société aux porteurs de bons de souscription. Les bons de souscription ne seront pas inscrits à la cote de la Bourse. La date d'expiration de l'offre de droits est le 3 mars 2008. Au 25 janvier 2008, la société comptait 22 697 225 actions émises et en circulation. A l'ouverture des affaires le 6 février 2008, les actions de la société seront négociées sur une base "ex-droit" et les droits seront admis à la négociation "selon les réserves d'usage". La société est catégorisée comme une société "d'exploration et de développement minier". Sommaire : Base de souscription : Un droit sera émis pour chaque action détenue. Huit droits permettent d'acquérir une unité au prix de 0,60 $ l'unité. Date de clôture des registres : Le 8 février 2008 Négociation des actions "ex-droit" : Le 6 février 2008 Admission à la négociation des droits : Le 6 février 2008 Négociation des droits sur une base au comptant: Le 27 février 2008 Arrêt de la négociation des droits : Le 3 mars 2008 à 12 h HNE (midi) Expiration des droits : Le 3 mars 2008 à 17 h 00 HNE Symbole au téléscripteur des droits : MGR.RT Numéro de CUSIP des droits : 62660P 12 1 Agent de souscription et fiduciaire : Services aux investisseurs Computershare inc. Juridictions autorisées : Colombie-Britannique, Alberta, Manitoba, Ontario, Saskatchewan, Nouvelle-Ecosse, Nouveau- Brunswick, Terre-Neuve et Labrador, Ile-du-Prince-Edouard et Québec. Pour de plus amples détails, veuillez vous référer à la circulaire d'offre de droits datée du 28 janvier 2008. Il est prévu que la date de la mise à la poste de la circulaire d'offre de droits sera le 11 février 2008. La circulaire d'offre de droits a été déposée et acceptée par les commissions des valeurs mobilières de la Colombie-Britannique, de l'Alberta, du Manitoba, de l'Ontario, de la Saskatchewan, de la Nouvelle-Ecosse, du Nouveau-Brunswick, de Terre-Neuve et du Labrador, de l'Ile-du-Prince-Edouard et de l'Autorité des marchés financiers (Québec), conformément aux dispositions de la Loi sur les valeurs mobilières de la Colombie-Britannique, de l'Alberta, du Manitoba, de l'Ontario, de la Saskatchewan, de la Nouvelle-Ecosse, du Nouveau-Brunswick, de Terre-Neuve et du Labrador, de l'Ile-du-Prince-Edouard et du Québec. TSX-X ------------------------------ NORTHERN FREEGOLD RE

SOURCES LTD. ("NFR") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: January 30, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 10, 2007: Number of Shares: 4,562,371 Flow-Through shares Purchase Price: $0.95 per Flow-Through share Warrants: 2,281,186 warrants to purchase 2,281,186 common shares Exercise Price: $1.50 for a period of one year Number of Placees: 50 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Units Nicole Adshead-Bell P 40,000 Warwick Bay P 10,000 Paul Dipaquale P 27,000 Ali Pejman P 50,000 Glen Diduck Y 26,000 Barry Warden P 50,000 Finders Fees: Northern Precious Metals Management Inc. - 29,470 Finders Units PI Financial Corp. - 1,534,819 Finders Units Canaccord Capital Corporation - $ 25,460 cash Jennings Capital - $ 4,108.75 cash Limited Market Dealer Inc. - $11,875.00 cash Odlum Brown Ltd. - $ 475.00 cash Lakeco Holdings Inc. - $ 19,999.97 cash Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). TSX-X ------------------------------ PLATO GOLD CORP. ("PGC") BULLETIN TYPE: Warrant Term Extension BULLETIN DATE: January 30, 2008 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: 2,000,000 Original Expiry Date of Warrants: February 2, 2008 New Expiry Date of Warrants: August 2, 2008 Exercise Price of Warrants: $0.15 These warrants were issued pursuant to a private placement of 4,000,000 shares with 2,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective August 25, 2006. TSX-X ------------------------------ SOUTHAMPTON VENTURES INC. ("SV") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: January 30, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement (the "Agreement") dated January 1, 2008, between Southampton Ventures Inc. (the "Company") and Noront Resources Ltd. (the "Optionor"). Pursuant to the Agreement, the Company has the option to acquire a 50% interest in twelve claim blocks (covering a total of 168 units or approximately 6,720 acres) in the McFauld Lake area, James Bay Lowlands, Ontario. As consideration, the Company must pay the Optionor $200,000 or issue 266,667 common shares immediately, incur an aggregate of $3,500,000 in work expenditures over a three year period, and must pay an aggregate of $400,000 by January 1, 2010 to the Optionor. At the option of the Optionor, the payment of $400,000 may be in cash or through an aggregated issuance of 533,334 common shares. For further information, please refer to the press release dated January 4, 2008. TSX-X ------------------------------ SUNTEC PURE WATER TECHNOLOGIES INC. ("SUT") BULLETIN TYPE: Resume Trading BULLETIN DATE: January 30, 2008 TSX Venture Tier 2 Company Effective at the opening on January 31, 2008, shares of the Company will resume trading, an announcement having been made on January 11, 2008. TSX-X ------------------------------ NEX COMPANIES MEGA SILVER INC. ("MSR") (formerly Mega Silver Inc. ("TSZ.H")) BULLETIN TYPE: Resume Trading, Graduation from NEX to TSX Venture, Symbol Change, Change of Business-Completed, Private Placement-Brokered, Private Placement-Non-Brokered BULLETIN DATE: January 30, 2008 NEX Company Effective at the opening, Thursday, January 31, 2008, trading will resume in the securities of the Company (CUSIP is 58515W 10 5). The TSX Venture Exchange has accepted for filing the Company's Reverse Takeover ('RTO'), which includes the following transactions: 1. 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 31, 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 31, 2008, the trading symbol for the Company will change from TSZ.H to MSR. 2. Acquisition Pursuant to the terms of four arm's length option agreements dated September 18, 2007 between the Company, and three different vendors including: Silverstone Resources Corp. (TSX-V: SST), Endurance Gold Corporation (TSX-V: EDG), and Strategic Metals Ltd. (TSX-V: SMD), the Company has acquired the options on four separate properties in Mexico, the Yukon Territories and British Columbia. For complete information in relation to this transaction please review the Filing Statement of the Company available on www.sedar.com and dated January 16, 2008 as well as the press releases of the Company issued since the time of the bulletin including the press release issued by the Company on September 18, 2007 and also posted on www.sedar.com. 3. Private Placement-Brokered (Subscription Receipts) TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced September 18, 2007: Number of Shares: 13,000,000 units Purchase Price: $1.00 per unit (including 1 common share and 1/2 common share purchase warrant) Warrants: 6,500,000 common share purchase warrants to purchase one common share Warrant Exercise Price: $1.50 for a two year period Number of Placees: 166 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P No. of Units Kingshield Corp. P 25,000 Ted Hirst P 25,000 Dana Gilman P 150,000 Kirsten Pejman P 50,000 Robert Shewchuk P 50,000 Ontario 1477615 P 25,000 Donald McFarlane P 50,000 Bolder Opportunities I L.P. P 150,000 Pinetree Resource Partnership Y 50,000 Agent's Fee: $825,800 commission payable to PI Financial Corp. made up of $600,800 for the brokered portion of the financing and $225,000 as a finders' fee for the non-brokered portion of the financing. Of these amounts an aggregate of $193,800 was satisfied in cash and the balance was satisfied via the issuance of 632,000 units at a deemed price of $1.00 per unit, and having the same terms as the units issued in the offering. In addition to this 825,800 Agent Warrants exercisable into 1 unit at a price of $1.00 for 24 months (made up of 600,800 broker warrants in connection with the brokered financing and 225,000 compensation units in connection with the non-brokered portion). 4. Private Placement-Non-Brokered - (Concurrent Flow Through) TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 18, 2007: Number of Shares: 2,750,000 flow through units Purchase Price: $1.10 per unit (including 1 common share and 1/2 common share purchase warrant) Warrants: 1,375,000 common share purchase warrants to purchase one common share. Warrant Exercise Price: $1.60 for a two year period Number of Placees: 35 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Units Joe Reina P 10,000 Ross McMaster P 85,000 Nadia Iskander P 10,000 Tom Dalimore P 40,000 Vito Rizzuto P 7,500 Michael Gesualdi P 7,500 Sheldon Inwentash Y 825,000 Larry Goldberg Y 30,000 Richard Patricio Y 345,000 Agent's Fee: $151,250 commission payable to PI Financial Corp., plus 137,500 compensation options exercisable into 1 common share at a price of $1.50 for 24 months. The Exchange has been advised that the above transactions, approved by shareholders by way of written consent have been completed. Capitalization: Unlimited common shares with no par value of which 26,091,784 common shares are issued and outstanding Escrow: 4,646,536 common shares and 678,000 warrants are subject to a Tier 2 Value Escrow Agreement with releases happening over a 36 month period. Transfer Agent: Pacific Corporate Trust Company Symbol: MSR (new) CUSIP Number: 58515W 10 5 The Company is classified as an 'Oil and Gas' company. Company Contact: Ken Carter Company Address: 130 King Street West, Suite 2500 Toronto, ON M9W 5Z8 Company Phone Number: (416) 941-9600 E-mail: kcarter@megasilver.ca TSX-X ------------------------------

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or email: information@venture.com


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