TSX Venture Exchange Daily Bulletins



    VANCOUVER, June 20 /CNW/ -

    
    TSX VENTURE COMPANIES

    ALTER NRG CORP. ("NRG")
    BULLETIN TYPE: Private Placement-Brokered
    BULLETIN DATE: June 20, 2008
    TSX Venture Tier 1 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced March 12 and April 3, 2008:

    Number of Shares:        10,454,545 common shares

    Purchase Price:          $4.40 per share

    Number of Placees:       169 placees

    Insider/Pro Group Participation:

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

    Anchorage Capital
     Master Offshore Ltd.    Y                              5,680,000
    Canaccord Capital
     Corporation             P                                  5,000
    Dave Co Management Ltd.
     (David McKeague)        P                                  5,000

    Agent's Fee:             $1,264,999.95 payable to Raymond James Ltd.
                             $392,149.98 payable to Wellington West Capital
                             Markets Inc.
                             $347,874.98 payable to Canaccord Capital
                             Corporation
                             $347,874.98 payable to Paradigm Capital Inc.
                             $126,499.99 payable to Blackmont Capital Inc.
                             $63,250 payable to Genuity Capital Markets G.P.

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

    AMERA RE

SOURCES CORPORATION ("AMS") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 13, 2008: Number of Shares: 3,870,000 shares Purchase Price: $0.14 per share Warrants: 3,870,000 share purchase warrants to purchase 1,935,000 shares Warrant Exercise Price: $0.18 for a two year period Number of Placees: 3 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Canaccord Capital ITF IMA Exploration Inc. Y 3,570,000 Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. TSX-X ---------------------------------- ARIES RE

SOURCE CORP. ("AES") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation in connection with an Option Agreement dated June 16, 2008 between the Company and Laird Rice whereby the Company has been granted an option to acquire up to an undivided 100% interest in the Claremont Tower Property located in the Liard Mining Division, British Columbia. Consideration is the issuance of 5,000,000 common shares. The vendor retains a 1% NST which may be purchased by the Company for $1,000,000, less all amounts previously received by the Vendor as NSR payments, subject to further Exchange review and acceptance. TSX-X ---------------------------------- BRAZAURO RE

SOURCES CORPORATION ("BZO") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation in connection with a Letter of Intent ("LOI") dated May 9, 2008 between Gold Fields Holdings Company BVI Ltd. ("Gold Fields"), Gold Fields Do Brazil Mineracao and the Company whereby the Company will acquire all of the outstanding securities of a BVI company which holds a 100% interest in the Bom Jardim property located in the Tapajss region of Para State, Brazil. Consideration is the issuance of common shares with an aggregate deemed price of CAD$1,000,000 calculated using a price per share equal to the greater of: a) the 30 day volume weighted average price prior to closing; or b) the Discounted Market Price on the day prior to the date of the LOI (or $0.48). Gold Fields will retain a back-in right where it will have a one-time option, two years after closing to earn a 60% interest the BVI holding company by spending an amount equal to two times the expenditures made by the Company over a three year period on the property and the Company's Circulo property. If Gold Fields elects not to back-in, it will be entitled to a 2% Net Smelter Return Royalty on the property. If Gold Fields acquires the 60% interest, it will have the further option to increase its interest to 70% by either completing and delivering a bankable feasibility study or by spending a further $10,000,000 on the property over the succeeding three year period. Thereafter, the Company and Gold Fields will contribute proportionately to further expenses. The Company will have the option to request Gold Fields to lend sufficient funds to meet the Company's share of the cost of placing the property into production, in which case Gold Field's interest will be increased to 75%. TSX-X ---------------------------------- CAPSTOCK FINANCIAL INC. ("CPK.P") BULLETIN TYPE: Remain Halted BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated June 17, 2008, effective at 11:07 a.m. PST, June 20, 2008 trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction pursuant to Listings Policy 2.4. TSX-X ---------------------------------- CHALLENGER DEEP CAPITAL CORP. ("CDE") BULLETIN TYPE: New Listing-CPC-Shares, Correction BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company Further to the TSX Venture Exchange Bulletin dated June 19, 2008, the Agent's Options should have read as follows: Agent's Options: 200,000 non-transferable Agent's Options. One option to purchase one common share at $0.10 per common share up to a period of 24 months from listing. TSX-X ---------------------------------- CENIT CORPORATION ("CNT") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 13, 2008, April 18, 2008 and May 16, 2008: Convertible Debenture: $400,000 Conversion Price: Convertible into common shares at $0.15 per share for a two year period Maturity date: Two years from the date of closing Interest rate: 8% per annum Number of Placees: 11 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ Principal Amount J. Birks Bovaird Y $5000 Finder's Fee: $40,000 and 266,666 finder's warrrants payable to Regenesis Capital Management Inc. Each finder's warrant is exercisable into one common share at a price of $0.12 per share for a two year period. 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 ---------------------------------- CONSOLIDATED ECOPROGRESS TECHNOLOGY INC. ("CES.H") (formerly Consolidated Ecoprogress Technology Inc. ("CES")) BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 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 the opening June 23, 2008, 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 Vancouver to NEX. As of June 23, 2008, 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 CES to CES.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 November 6, 2007, trading in the Company's Securities will remain suspended. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice. TSX-X ---------------------------------- GREENCASTLE RE

SOURCES LTD. ("VGN") BULLETIN TYPE: Resume Trading BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company Effective at the open, June 20, 2008, shares of the Company resumed trading, an announcement having been made over StockWatch. TSX-X ---------------------------------- GREEN PARK CAPITAL CORP. ("GRP.P") BULLETIN TYPE: Remain Halted BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated June 16, 2008, effective at 6:30 a.m. PST, June 20, 2008 trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction pursuant to Listings Policy 2.4. TSX-X ---------------------------------- GRID CAPITAL CORPORATION ("GID") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 19, 2008: Number of Shares: 4,000,000 shares Purchase Price: $0.085 per share Warrants: 4,000,000 share purchase warrants to purchase 4,000,000 shares Warrant Exercise Price: $0.11 for a two year period Number of Placees: 4 placees Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. TSX-X ---------------------------------- HABANERO RE

SOURCES INC. ("HAO") BULLETIN TYPE: Property-Asset or Share Disposition Agreement BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation pursuant to a Purchase and Sale Agreement dated April 29, 2008 between Habanero Resources Inc. (the 'Company') and Ralph Maglieri wherein the Company has agreed to sell to Ralph Maglieri its right, title, estate and interest in and to the Kerrobert Project located in Saskatchewan, the Marble Falls Rework Project located in Texas, and the Cardium Burnstick Prospect located in Alberta In consideration, Ralph Maglieri has agreed to pay the Company a total of $25,000 in cash. This transaction was announced in the Company's press release on April 29, 2008. TSX-X ---------------------------------- HALO RE

SOURCES LTD. ("HLO") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: June 20, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing a property option agreement between Halo Resources Ltd. (the "Company") and Tribute Minerals Inc. (the "Vendor"), whereby the Company has the option to earn up to a 75% interest in nine claim units covering 144 hectares, located in Ball Township Red Lake Mining Division, Ontario. In consideration, the Company will pay a total of $50,000 and issue 400,000 common shares (100,000 in the first year) over a two year period to the Vendor. TSX-X ---------------------------------- HONEY BADGER EXPLORATION INC. ("TUF") (formerly Telkwa Gold Corporation ("TKW")) BULLETIN TYPE: Name Change BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company Pursuant to a resolution passed by shareholders June 10, 2008, the Company has changed its name as follows. There is no consolidation of capital. Effective at the opening June 23, 2008, the common shares of Honey Badger Exploration Inc. will commence trading on TSX Venture Exchange, and the common shares of Telkwa Gold Corporation will be delisted. The Company is classified as a "Mining (Non-Oil&Gas) Exploration/Development" company. Capitalization: Unlimited shares with no par value of which 42,056,737 shares are issued and outstanding Escrow: nil shares Transfer Agent: Equity Transfer & Trust Company Trading Symbol: TUF (new) CUSIP Number: 438335 10 1 (new) TSX-X ---------------------------------- ICIENA VENTURES INC. ("IIE") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing a property option agreement between Iciena Ventures Inc. (the "Company") and Joseph Lawrence, John Ostler and Bruce Squinas (collectively, the "Vendors"), whereby the Company has the option to acquire a 100% interest in 118 contiguous mineral exploration claims located in central British Columbia. In consideration the Company will pay the Vendors a total of $210,000 over a five year period and issue 180,000 common shares. The property is subject to a 1.5% net smelter return. TSX-X ---------------------------------- KENIEBA GOLDFIELDS LTD. ("KEN") (formerly Croesus Gold Inc. ("CGN")) BULLETIN TYPE: Name Change BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company Pursuant to a resolution passed by shareholders June 2, 2008, the Company has changed its name as follows. There is no consolidation of capital. Effective at the opening June 23, 2008, the common shares of Kenieba Goldfields Ltd. will commence trading on TSX Venture Exchange, and the common shares of Croesus Gold Inc. will be delisted. The Company is classified as a "Mining (Non-Oil&Gas) Exploration/Development" company. Capitalization: Unlimited shares with no par value of which 26,732,907 shares are issued and outstanding Escrow: nil shares Transfer Agent: CIBC Mellon Trust Company Trading Symbol: KEN (new) CUSIP Number: 489013 10 2 (new) TSX-X ---------------------------------- MANO RIVER RE

SOURCES INC. ("MNO") BULLETIN TYPE: Property-Asset or Share Disposition Agreement BULLETIN DATE: June 20, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted a share purchase and subscription agreement (the "Agreement"), amongst Mano River Resources Inc (the "Company"); Mano River Iron Ore Holdings Ltd. ("Mano River"), a wholly-owned subsidiary of the Company, Hereton Securities Ltd.; ("Hereton"), a private Virgin Islands Company, AddVenture Capital Partners Ltd.; ("AddVenture"), a private Swiss Company, First Investors Guarantee Ltd.; ("First Investors"), a private Hong Kong Company, Zao Severstal Resource; ("Severstal"), a closed stock company incorporated in Russia, and Lybica Holding B.V.; ("Lybica"), an indirect wholly-owned Dutch subsidiary of Severstal. Pursuant to the Agreement, Lybica will acquire 25% of the issued and outstanding shares of African Iron Ore Group Ltd. ("AIOG"), an 80%-owned subsidiary of Mano River. The aggregate consideration payable by Lybica to Mano River is US$12.5 million cash. In addition, Lybica will acquire a further 20% of the issued and outstanding shares of AIOG from Hereton, AddVenture and First Investors, (collectively "the Other Sellers"), for an additional US$10 million cash. For further information, please refer to the Company's press release, dated May 23, 2008, available on SEDAR. TSX-X ---------------------------------- MEDMIRA INC. ("MIR") BULLETIN TYPE: Shares for Debt BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's proposal to issue 554,663 shares to settle outstanding debt for $104,650. Number of Creditors: 1 Creditor The Company shall issue a news release when the shares are issued and the debt extinguished. TSX-X ---------------------------------- NANOTECH SCIENCES CORP. ("NAN.P") BULLETIN TYPE: Remain Halted BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated June 19, 2008, effective at 9:33 a.m. PST, June 20, 2008 trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction pursuant to Listings Policy 2.4. TSX-X ---------------------------------- PLATINEX INC. ("PTX") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange (the "Exchange") has accepted for filing documentation pertaining to an Option Agreement (the "Agreement") dated April 11, 2008, between Platinex Inc. (the "Company"), and Skead Holdings Ltd. (the "Vendor"), whereby the Company can earn a 100% interest in certain mining claims (the "Shiningtree Property"), located in Churchill, MacMurchy and Asquith townships, Ontario. Under the terms of the Agreement, the Company can earn a 100% interest in the Property by making aggregate cash payments of CDN$400,000 (or share equivalent), issuing 350,000 common shares and incurring cumulative exploration expenditures of CDN$850,000 on or before April 11, 2012. For further details, please refer to the Company's news release dated April 22, 2008. TSX-X ---------------------------------- PYNG MEDICAL CORP. ("PYT") BULLETIN TYPE: Shares for Bonuses BULLETIN DATE: June 20, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing the Company's proposal to issue 110,000 bonus warrants to Vancity Capital Corp. further to the loan provided in connection with the Company's acquisition of Bio Cybernetics International. Each warrant is exercisable into one common share of the Issuer at $0.55 per share until the earlier of the date the loan is repaid or June 6, 2013. TSX-X ---------------------------------- ROCKHAVEN RE

SOURCES LTD. ("RK") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 29, 2008: Number of Shares: 1,000,000 flow through shares Purchase Price: $0.65 per share Warrants: 500,000 share purchase warrants to purchase 500,000 shares Warrant Exercise Price: $0.85 for a two year period Number of Placees: 2 placees Finder's Fee: Limited Market Dealer Inc. receives $39,000 and 80,000 options to acquire non-flow through units, with the same terms as the above private placement, at a price of $0.65 for a 24 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. TSX-X ---------------------------------- ROSS RIVER MINERALS INC ("RRM") BULLETIN TYPE: Reinstated for Trading BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated May 14, 2008, the British Columbia Securities Commission has advised TSX Venture Exchange that the Cease Trade Order issued against the Company has now been revoked. Effective at the opening, June 23, 2008, trading will be reinstated in the securities of the Company. TSX-X ---------------------------------- ROYAL ROADS CORP. ("RRO") BULLETIN TYPE: Company Tier Reclassification BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company In accordance with Policy 2.5, the Company has met the requirements for a Tier 1 company. Therefore, effective Monday, June 23, 2008, the Company's Tier classification will change from Tier 2 to: Classification Tier 1 TSX-X ---------------------------------- SPRUCE RIDGE RE

SOURCES LTD. ("SHL") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation pertaining to joint venture agreement (the "Agreement") dated June 18, 2008, between Spruce Ridge Resources Ltd. (the "Company") and RX Exploration Inc. ("RX") - a CNQ-listed company, to form a new joint venture corporation to acquire about 350 to 400 acres of patented mining claims located adjacent to RX's Drumlummon Mine near Marvsville, Montana. The Agreement provides that the Company will receive a 50% equity stake in the new joint venture company. In order to earn the 50% interest, the Company must subscribe to RX's private placement. Pursuant to the Company's $3,000,000 investment in the private placement, the Company has subscribed to 7,500,000 units at a price of $0.40 per unit. Each unit consists of a common share and one common share purchase warrant. Each warrant is exercisable into one common share at a price of $0.60 per share for a period of two years. For further information, please refer to the Company's press release dated April 22, 2008. TSX-X ---------------------------------- VAST EXPLORATION INC. ("VST") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange (the "Exchange") has accepted for filing documentation pertaining to a Production Sharing Contract (the "PSC"), dated May 14, 2008, between Vast Exploration Inc. (the "Company"), Niko Resources Ltd., Groundstar Resources Ltd. (collectively its "consortium partners") and the Kurdistan Regional Government of Iraq, whereby the Company can earn a 27% participating interest in the PSC through the exploration, development and production of petroleum resources in the 846 square kilometre Qara Dagh Block, located in the Sulaymaniya Governorate of the Federal Region of Kurdistan, Iraq. The Company anticipates approximately $10 million will be spent on capital expenditures in 2008. For further details, please refer to the Company's news release dated May 20, 2008. TSX-X ---------------------------------- WELICHEM BIOTECH INC. ("WBI") BULLETIN TYPE: Private Placement-Non-Brokered, Amendment BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company This is to confirm that further to the TSX Venture Exchange bulletin dated June 19, 2008, the Exchange has been advised by the Company of an amendment as follows: Finder's Fee: 10% in cash based on the gross proceeds raised by each payable to Beijing Tianxing Technology Co. Ltd. (Hanyu Wu/Yali Wang/Liping Fu) ($50,000) and Tianjin TEDA Jinlihua Trade Co. Ltd. (Kaiqi Li/Minxi Li) ($447,000). TSX-X ---------------------------------- WESTERN WIND ENERGY CORP. ("WND") BULLETIN TYPE: Halt BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company Effective at 9:47 a.m. PST, June 20, 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 Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules. TSX-X ---------------------------------- WESTERN WIND ENERGY CORP. ("WND") BULLETIN TYPE: Resume Trading BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company Effective at 11:00 a.m. PST, June 20, 2008, shares of the Company resumed trading, an announcement having been made over StockWatch. TSX-X ---------------------------------- WESTSTAR RE

SOURCES CORP. ("WER") BULLETIN TYPE: Halt BULLETIN DATE: June 20, 2008 TSX Venture Tier 2 Company Effective at the open, June 20, 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 Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules. TSX-X ---------------------------------- NEX COMPANIES MONETA RE

SOURCES INC. ("MOT.H") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: June 20, 2008 NEX Company TSX Venture Exchange has accepted for filing a sub-participation agreement dated June 11, 2008 (the "Sub-Participation Agreement") between the Company and Triange USA Petroleum Corporation Ltd. ("Triangle"), pursuant to which Triange has assigned its rights in an exploration agreement dated December 7, 2005 between Triangle and Hunter Energy LLC (the "Participation Agreement"). Pursuant to the Participation Agreement, Triangle is required to drill one vertical test well on certain joint participation lands consisting of a 38,767 contiguous acre land position in the Valley County area of Montana (the "Montana Property") with established analogous production in the area. The Montana Property is comprised of federal, state, and fee leases with an average royalty of 20% and no further encumbrances. Pursuant to the Sub-Participation Agreement, Moneta will pay Triange $812,000 in consideration for Triangle's land, geological and geophysical expenses incurred on the Montana Property to date, and will thereafter assume all of Triangle's obligations set out in the Participation Agreement. Moneta will also pay 33.33% of the cost to drill a test well on the Montana Property to a depth of 5,500 feet below the surface to test for Nisku oil potential and evaluate the Sunburst, Bakken, and other up hole potential (the "Test Well"). Pursuant to the Participation Agreement and the Sub-Participation Agreement, Moneta will earn a 25% non-operating working interest in all rights to the Montana Property after Moneta drills the Test Well. TSX-X ---------------------------------- THE SILVER RECYCLING COMPANY INC. ("TSR") (formerly The Silver Recycling Company Inc. ("TSR.H")) BULLETIN TYPE: Graduation from NEX to TSX Venture, Symbol Change, Change of Business, Private Placement-Non-Brokered, Resume Trading BULLETIN DATE: June 20, 2008 NEX Company 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 June 23, 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 Vancouver. Effective at the opening, June 23, 2008, the trading symbol for the Company will change from TSR.H to TSR. Change of Business TSX Venture Exchange has accepted for filing the Company's Change of Business ("COB") pursuant to the Company's acquisition of all of the shares of each of Pyropure Inc. and Sun Valley Film Wash Inc. for the consideration of: (1) $1,620,000 cash, (2) the issuance of 3,455,242 common shares, and (3) $2,100,000 paid by way of a vendor take-back note secured against certain assets of the Company. Insider/Pro Group Participation: N/A The Company is classified as a 'Silver Recycling' company. Escrowed: 8,633,189 common shares Escrow Term: 3,473,189 shares for 3 years 5,160,000 shares for 18 months In addition, the Exchange has accepted for filing the following: Non-brokered Private Placement TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced March 13, 2008: Number of Shares: 2,815,827 Units Purchase Price: $0.60 per Unit Warrants: 1,407,913 share purchase warrants to purchase 1,407,913 shares Warrant Exercise Price: $0.85 for a one year period. If, after four months from closing, the shares of the Company trade at more than $0.85 for a period of 20 consecutive days, the Company may accelerate the expiry date of the outstanding warrants to not less than 20 days from the date notice is given to the warrantholders. Number of Placees: 28 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Donald Holmstrom Y 58,333 Robert Quartermain Y 166,666 Finder's Fee: $22,560 and 37,600 shares payable to Montclair Equity-Capital Corporation (James Hogan) $10,000 and 16,666 shares payable to G2 Consultants (Grant Prenevost) $8,520 and 14,200 shares payable to PI Financial Corp. 10,717 shares payable to Silver Strategies (Sean Rakhimov) $5,520 and 9,200 shares payable to Cardy Management Corp. (Darryl Cardey) $400 and 667 shares payable to Bryan McKoen $10,008 and 16,680 shares payable to Erich Perroulaz $2,000 and 3,334 shares payable to Canaccord Capital Inc. Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. (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.) Resume Trading Further to TSX Venture Exchange Bulletin dated March 14, 2008, effective at the open on June 23, 2008, shares of the Company will resume trading, the Company's COB having been completed. TSX-X ----------------------------------

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