TSX Venture Exchange Daily Bulletins



    VANCOUVER, Aug. 8 /CNW/ -

    
    TSX VENTURE COMPANIES


    ALLIANCE GRAIN TRADERS INCOME FUND ("AGT.UN")
    BULLETIN TYPE: Private Placement - Brokered
    BULLETIN DATE: August 8, 2008
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced June 23, 2008:

    Number of Shares:        970,000 trust units

    Purchase Price:          $15.50 per trust unit

    Number of Placees:       46 placees

    Insider/Pro Group Participation:

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

    Sentry Select Diversified
     Income Trust            Y                                     12,000

    Agent's Fee:             an aggregate of $751,750, payable to
                             Wellington West Capital Markets Inc., Genuity
                             Capital Markets and Rirst Republic Capital
                             Corp.

    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).

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

    ALTIMA RE

SOURCES LTD. ("ARH") BULLETIN TYPE: Shares for Bonuses BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's proposal to issue 3,834,375 bonus shares to Ionic Capital Corp. in consideration of a loan in the amount of $4,090,000. In addition, a commitment fee of $40,000 will be payable. The loan bears interest at 12% and has a term of one year. ------------------------------------- ANDOVER VENTURES INC. ("AOX") BULLETIN TYPE: Private Placement - Non-Brokered BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to the second tranche of a Non-Brokered Private Placement announced July 2, 2008: Number of Shares: 130,000 shares Purchase Price: $0.50 per share Warrants: 65,000 share purchase warrants to purchase 65,000 shares Warrant Exercise Price: $0.75 for an 18-month period Number of Placees: 5 placees Finder's Fee: Leede Financial Markets Inc. will receive a finder's fee of $4,550.00 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. ------------------------------------- CARDIOCOMM SOLUTIONS, INC. ("EKG") BULLETIN TYPE: Private Placement - Non-Brokered BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 26, 2008: Number of Shares: 3,500,000 shares Purchase Price: $0.10 per share Warrants: 3,500,000 share purchase warrants to purchase 3,500,000 shares Warrant Exercise Price: $0.20 for a two year period Number of Placees: 2 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P No. of Shares MIDA Consulting Inc. (Yakov Khitrov/ Galina Langer) Y 3,450,000 Finder's Fee: N/A Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. ------------------------------------- FORAN MINING CORPORATION ("FOM") BULLETIN TYPE: Private Placement - Non-Brokered BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 6, 2008: Number of Shares: 400,000 Units (Each Unit consists of one common share and one share purchase warrant.) Purchase Price: $0.08 per Unit Warrants: 400,000 share purchase warrants to purchase 400,000 shares Warrant Exercise Price: $0.10 for a period of two years Number of Placees: 2 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). ------------------------------------- FRONSAC CAPITAL INC. ("GAZ") (formerly Fronsac Capital Inc. ("GAZ.P")) BULLETIN TYPE: Qualifying Transaction - Completed/New Symbol, Private Placement - Non-Brokered BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company Qualifying Transaction TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Information Circular dated July 4, 2008. As a result, at the opening on Monday, August 11, 2008, the Company will no longer be considered as a Capital Pool Company. The Qualifying Transaction consists in the non-arm's length acquisition of all the issued and outstanding units of La société en commandite BCCGL Richelieu-St-Hilaire ("BCCGL") through the issuance of 4,000,000 common shares at a deemed issue price of $0.25 per share. A total of 4,000,000 common shares issued to BCCGL's unitholders are escrowed pursuant to an Exchange Tier 2 Value Escrow Agreement. The Company is classified as "Real Estate and Rental Leasing" issuer (NAICS Number: 53). Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P No. of Shares Sofinat Ltée (Claire Jodoin Lassonde) Y 800,000 Investissement Grimard (Martin Grimard) Y 800,000 Jacques Beaudry Y 800,000 Gestion Cholette Lefebvre SENC (Michel Cholette) Y 800,000 Gestion Immobilière MSC Inc. (Richard Chicoine) Y 800,000 For further information, please refer to the Company's Information Circular dated July 4, 2008 which is available on SEDAR. Private Placement - Non-Brokered TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement announced on May 6, 2008: Number of Shares: 4,000,000 common shares Purchase Price: $0.25 per common share Number of Placees: 13 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P No. of Shares Michel Cholette Y 133,334 Michel Lassonde Y 400,000 Jacques Beaudry Y 400,000 Richard Chicoine Y 400,000 Martin Grimard Y 200,000 A total of 1,800,000 common shares subscribed by Principals are escrowed pursuant to an Exchange Tier 2 Value Escrow Agreement. The Exchange has been advised that the Private Placement closed on August 5, 2008. Effective at the opening on Monday, August 11, 2008, the trading symbol for Fronsac Capital Inc. will change from "GAZ.P" to "GAZ." There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. Capitalization: Unlimited common shares with no par value of which 11,240,000 common shares are issued and outstanding Escrow: 7,840,000 common shares of which 784,000 are released on the date of this bulletin Transfer Agent: CIBC Mellon Trust Company - Montréal & Toronto Trading Symbol: GAZ (new) CUSIP Number: 35901R 10 6 (unchanged) The Exchange has been advised that the above transactions have been completed. Company Contact: Mr. Michel Lassonde Company Address: 3241, rue Principale St-Jean baptiste de Rouville, Quebec, J0L 2B0 Company Phone Number: (450) 973-4144 Company Fax Number: (450) 973-1127 Company e-mail: michellassonde@hotmail.com FRONSAC CAPITAL INC. ("GAZ") (anciennement Fronsac Capital Inc. ("GAZ.P")) TYPE DE BULLETIN : Opération admissible - complétée/Changement de symbole, Placement privé sans l'entremise d'un courtier DATE DU BULLETIN : Le 8 août 2008 Société du groupe 2 de TSX Croissance Opération admissible Bourse de croissance TSX a accepté le dépôt des documents de la société relativement à son opération admissible décrite dans la circulaire de sollicitation de procurations de la direction datée du 4 juillet 2008. Conséquemment, à l'ouverture des marchés, lundi, le 11 août 2008, la société ne sera plus considérée comme une société de capital de démarrage. L'opération admissible consiste en l'acquisition, auprès de parties ne transigeant pas à distance avec la société, de toutes les parts émises et en circulation de La Société en commandite BCCGL Richelieu-St-Hilaire ("BCCGL") par l'émission de 4 000 000 d'actions ordinaires de la société au prix réputé de 0,25 $ par action. Un total de 4 000 000 d'actions ordinaires émises aux détenteurs de parts de BCCGL sont entiercées en vertu d'une convention de titres de valeurs du groupe 2 de la Bourse. La société est catégorisée dans le secteur "Services immobiliers et services de location et de location à bail" (numéro de SCIAN : 53). Participation des initiés/Groupe Pro : Nom Initié égale Y/ Nombre Groupe Pro égale P d'actions Sofinat Ltée (Claire Jodoin Lassonde) Y 800 000 Investissement Grimard (Martin Grimard) Y 800 000 Jacques Beaudry Y 800 000 Gestion Cholette Lefebvre SENC (Michel Cholette) Y 800 000 Gestion Immobilière MSC Inc. (Richard Chicoine) Y 800 000 Pour de plus amples renseignements, veuillez vous référer à la circulaire de sollicitation de procurations de la direction datée du 4 juillet 2008, qui est disponible sur SEDAR. Placement privé sans l'entremise d'un courtier 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 6 mai 2008 : Nombre d'actions : 4 000 000 d'actions ordinaires Prix : 0,25 $ par action ordinaire Nombre de souscripteurs : 13 souscripteurs Participation des initiés/Groupe Pro : Nom Initié égale Y/ Nombre Groupe Pro égale P d'actions Michel Cholette Y 133 334 Michel Lassonde Y 400 000 Jacques Beaudry Y 400 000 Richard Chicoine Y 400 000 Martin Grimard Y 200 000 Un total de 1 800 000 actions ordinaires souscrites par les principaux intéressés sont entiercées en vertu d'une convention de titres de valeurs du groupe 2 de la Bourse. La Bourse a été avisée que le placement privé a clôturé le 5 août 2008. Le symbole de Fronsac Capital Inc. changera de "GAZ.P" à "GAZ" à l'ouverture des marchés lundi, le 11 août 2008. Il y a ni changement de dénomination sociale de la société, ni changement de numéro CUSIP et aucune consolidation du capital. Capitalisation : Un nombre illimité d'actions ordinaires sans valeur nominale dont 11 240 000 actions sont émises et en circulation Actions entiercées : 7 840 000 actions ordinaires dont 784 000 actions ordinaires sont libérées à la date de ce bulletin Agent des transferts : Compagnie Trust CIBC Mellon - Montréal & Toronto Symbole au téléscripteur : GAZ (Nouveau) Numéro de CUSIP : 35901R 10 6 (Inchangé) La Bourse a été avisée que les opérations précitées ont été complétées. Contact de la société : M. Michel Lassonde Adresse de la société : 3241, rue Principale St-Jean baptiste de Rouville, Québec, J0L 2B0 Téléphone de la société : (450) 973-4144 Télécopieur de la société : (450) 973-1127 Courriel de la société: michellassonde@hotmail.com ------------------------------------- FURY EXPLORATIONS LTD. ("FUR") BULLETIN TYPE: Halt BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company Effective at 6:00 a.m. PST, August 8, 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. ------------------------------------- HIGHGROUND CAPITAL CORP. ("HCC") BULLETIN TYPE: Delist BULLETIN DATE: August 8, 2008 TSX Venture Tier 1 Company Effective at the close of business August 8, 2008, the common shares of Highground Capital Corp. ("Highground") will be delisted from TSX Venture Exchange. The delisting of Highground shares results from an Amalgamation and Business Combination between Highground and Algonquin Power Income Fund ("Algonquin") - a TSX listed company, whereby Highground has amalgamated with a subsidiary of its manager and an Algonquin subsidiary, resulting in each Highground shareholder receiving trust units of Algonquin in exchange for Highground shares held on the basis of 0.9749 trust units for each Highground share held. For further information, please refer to the Company's Information Circular dated June 27, 2008, and the Company's news releases dated May 13, 2008 and August 1, 2008. ------------------------------------- HOUSTON LAKE MINING INC. ("HLM") BULLETIN TYPE: Private Placement - Non-Brokered BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement: Number of Shares: 1,333,333 Flow-Through Shares Purchase Price: $0.60 per share Warrants: 666,667 warrants to purchase 666,667 common shares Exercise Price: $0.70 per share for a period of two years Number of Placees: 1 placee No Insider/Pro Group Participation Finder: MAK Allen & Day Capital Partners Finder's Fee: $64,000 cash and 106,667 Broker Warrants. Each Broker Warrant is exercisable at a price of $0.70 per share for a period of two years ------------------------------------- HTN INC. ("HET") BULLETIN TYPE: Shares for Debt, Amendment BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company Further to the TSX Venture Exchange Bulletin dated August 7, 2008, the Exchange has accepted for filing the Company's proposal to issue 2,400,000 shares to settle outstanding debt for $120,000. Number of Creditors: 1 Creditor No Insider/Pro Group Participation The Company shall issue a news release when the shares are issued and the debt extinguished. ------------------------------------- INTERNATIONAL GOLD MINING LIMITED ("IGL") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing a joint venture agreement between International Gold Mining Limited (the "Company") and Willibard Kimaro (the "Vendor"), whereby the Company will a 90% interest in various tenements in the Bahi swamp region of Tanzania. In consideration, the Company will pay US $14,000, reimburse US $5,500 of past expenses, and issue 900,000 shares to the Vendor. The Company will also have the right to purchase the remaining 10% by the payment of US $250,000 at any time and at its own discretion. ------------------------------------- LAGASCO CORP. ("LCO.H") (formerly Lagasco Corp. ("LCO")) BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change BULLETIN DATE: August 8, 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 Monday, August 11, 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 Calgary to NEX. As of August 11, 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 LCO to LCO.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. ------------------------------------- MAYEN MINERALS LTD. ("MYM.P") BULLETIN TYPE: Resume Trading BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company Effective at the opening August 11, 2008, shares of the Company will resume trading. The Company has advised the Exchange that the QT announced July 21, 2008 will not be proceeding, and the letter of intent dated effective July 11, 2008 (the "Letter of Intent") with Cuprus Mining Corporation ("Cuprus") has been terminated. For further information, please see the Company's news release, dated August 7, 2008. ------------------------------------- MEXIVADA MINING CORP. ("MNV") BULLETIN TYPE: Private Placement - Non-Brokered BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 6, 2008: Number of Shares: 922,000 shares Purchase Price: $0.55 per share Warrants: 922,000 share purchase warrants to purchase 922,000 shares Warrant Exercise Price: $0.75 for an 18 month period Number of Placees: 6 placees Finder's Fee: $16,500 payable to Nelson Securities Inc. Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. (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.) ------------------------------------- MIDWAY GOLD CORP. ("MDW") BULLETIN TYPE: Private Placement - Non-Brokered BULLETIN DATE: August 8, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 30, 2008: Number of Shares: 600,000 shares Purchase Price: US$2.50 per share Number of Placees: 1 placee 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. ------------------------------------- ORO GOLD RE

SOURCES LTD. ("OGR") BULLETIN TYPE: Private Placement - Non-Brokered BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to the second tranche of a Non-Brokered Private Placement announced June 10, 2008 and July 10, 2008: Number of Shares: 395,000 shares Purchase Price: $0.55 per share Warrants: 197,500 share purchase warrants to purchase 197,500 shares Warrant Exercise Price: $0.75 for a one year period $1.00 in the second year Number of Placees: 3 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P No. of Shares Frank Powell Y 10,000 Robert Kendrick Y 10,000 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. ------------------------------------- RUNNING FOX RE

SOURCE CORP. ("RUN") BULLETIN TYPE: Private Placement - Non-Brokered BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non- Brokered Private Placement: Number of Shares: 550,000 common shares Purchase Price: $0.40 per share Warrants: 550,000 warrants to purchase 550,000 common shares Exercise Price: $0.40 per share in the first year and $0.50 per share in year two Number of Placees: 6 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P No. of Units Jim Poepping Y 125,000 Kim Fredrich Y 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). ------------------------------------- SPORTSCENE GROUP INC. ("SPS.A") BULLETIN TYPE: Normal Course Issuer Bid BULLETIN DATE: August 8, 2008 TSX Venture Tier 1 Company TSX Venture Exchange (the "Exchange") has been advised that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated August 8, 2008, the Company may repurchase for cancellation up to 210,267 class A shares in its own capital stock, representing approximately 5% of the Company's issued and outstanding common shares. The purchases are to be made through the Exchange for the period starting August 14, 2008 to August 13, 2009. Purchases pursuant to the bid will be made by CIBC World Markets Inc. on behalf of the Company. GROUPE SPORTSCENE INC. ("SPS.A") TYPE DU BULLETIN : Offre de rachat dans le cours normal des activités DATE DU BULLETIN : Le 8 août 2008 Société du groupe 1 de TSX Croissance Bourse de croissance TSX (la "Bourse") a été avisée qu'en vertu d'un avis d'intention de procéder à une offre de rachat dans le cours normal des activités daté du 8 août 2008, la société peut racheter pour fin d'annulation, jusqu'à 210 267 actions ordinaires de son capital, représentant approximativement 5 % des actions émises et en circulation de la société. Les achats seront effectués par l'entremise de la Bourse durant la période débutant le 14 août 2008 et se terminant le 13 août 2009. Les achats en vertu de l'offre seront effectués par le biais de CIBC Marchés mondiaux Inc. ------------------------------------- STERLING RE

SOURCES LTD. ("SLG") BULLETIN TYPE: Prospectus-Unit Offering BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company Effective August 6, 2008, the Company's Prospectus dated July 25, 2008 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta, Ontario, British Columbia, Saskatchewan and Manitoba Securities Commissions, pursuant to the provisions of their respective Securities Act. TSX Venture Exchange has been advised that closing occurred on August 6, 2008, for gross proceeds of $25,000,200. Agents: West Capital Markets Inc., Canaccord Capital Corporation, Maison Placements Canada Inc. and RBC Dominion Securities Inc. Offering: 9,804,000 units. Each unit consisting of one common share and one half of one common share purchase warrant. Unit Price: $2.55 per unit Warrant Exercise Price/Term: $3.25 per share to August 6, 2009. Greenshoe Option: The Agent may over-allot the units in connection with this offering and the Company has granted to the Agent, an option to purchase additional units 1,470,600 units, at $2.55 per unit, up to 30 days after closing. Each unit consisting of one common share and one half of one common share purchase warrant, with each whole warrant entitles the holder to purchase one common share at a price of $3.25 for a period of one year. (This option has been fully exercised) ------------------------------------- SVIT GOLD CORP. ("SDP") (formerly Whistler Gold Corp. ("WGC")) BULLETIN TYPE: Name Change BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company Pursuant to a resolution passed by directors on July 23, 2008, the Company has changed its name as follows. There is no consolidation of capital. Effective at the opening August 11, 2008, the common shares of Svit Gold Corp. will commence trading on TSX Venture Exchange, and the common shares of Whistler Gold Corp. will be delisted. The Company is classified as a 'Junior Natural Resource' company. Capitalization: Unlimited shares with no par value of which 84,471,282 shares are issued and outstanding Escrow: Nil escrowed shares Transfer Agent: Computer Share Trust Company of Canada Trading Symbol: SDP (new) CUSIP Number: 78487U 10 1 (new) ------------------------------------- THUNDERBIRD ENERGY CORPORATION ("TBD") BULLETIN TYPE: Private Placement - Brokered BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced June 4, 2008: Number of Shares: 16,500,000 shares Purchase Price: $0.20 per share Warrants: 8,250,000 share purchase warrants to purchase 8,250,000 shares Warrant Exercise Price: $0.25 for a one year period Number of Placees: 61 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P No. of Shares Penson Financial Services Canada Inc. (ITF K. Andrew Gustajtis) P 250,000 Research Capital ITF (Pasquale Di Capo) P 1,000,000 Scotia Capital ITF (Deborah Bechtel) P 100,000 Haywood Securities ITF (Scott Hunter) P 250,000 David Evans Y 1,250,000 Ironside Family Trust Y 1,250,000 Blackmont Capital ITF (David Farrell) Y 250,000 Stephen Cheikes Y 250,000 Agent's Fee: D & D Securities Company PowerOne Capital Markets Ltd. $231,000 and 1,650,000 Agents Options 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. ------------------------------------- TRANSFORMATIVE VENTURES LTD. ("TNV.P") BULLETIN TYPE: Resume Trading BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company Effective at the open, August 11, 2008, trading in the Company's shares shall resume. The Company has advised the Exchange that the QT with Valens Pharma Ltd. ("Valens") will not be proceeding, and the Letter of Intent with Valens has been terminated. The Company has issued a news release dated August 6, 2008 respective to this matter. ------------------------------------- TRUE NORTH GEMS INC. ("TGX") BULLETIN TYPE: Private Placement - Brokered BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Brokered Private Placement announced July 7, 2008: Number of Shares: 3,343,000 shares Purchase Price: $0.30 per share Warrants: 1,671,500 share purchase warrants to purchase 1,671,500 shares Warrant Exercise Price: $0.40 for a two year period. If, after four months from closing, the shares of the Company trade at $.75 or more for a period of 10 consecutive days, the Company may accelerate the expiry date of the outstanding warrants. Number of Placees: 40 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P No. of Shares 417006 Ontario Ltd. (Angelo Comi, Mary Comi & John Comi) P 45,000 Christine Cappuccitti P 35,000 Daryl Hodges P 100,000 Gary Hartwell P 33,500 John Comi P 30,000 Cadiam Investments Ltd. (Nicholas Houghton) Y 165,000 David Lawson P 120,000 Diane Braxatoris P 35,000 Iron Mask Explorations Ltd. (Andrew Lee Smith) Y 330,000 Greg Davison Y 130,000 Robert T. Boyd Y 35,000 Agent's Fee: $8,473.50, 205,765 agent's units and 234,010 agent's warrants payable to Jennings Capital Inc. Each agent's unit consists of one common share and 1/2 of one non-transferable warrant on the same terms as the above private placement. Each agent's warrant is exercisable into one common share for two years at a price of $0.30 per share. 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. ------------------------------------- WESTSTAR RE

SOURCES CORP. ("WER") BULLETIN TYPE: Private Placement - Non-Brokered BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 16, 2008: Number of Shares: 3,650,000 shares Purchase Price: $0.12 per share Warrants: 3,650,000 share purchase warrants to purchase 3,650,000 shares Warrant Exercise Price: $0.15 for a two year period Number of Placees: 41 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P No. of Shares David Kaiser P 30,000 Daniel Seiter P 25,000 Eric Groner P 100,000 Finder's Fee: $33,360 payable to Spectre Investments Inc. (M. Townsend). 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. ------------------------------------- ZIMTU CAPITAL CORP. ("ZC") (formerly Flow Energy Ltd. ("FLO.P")) BULLETIN TYPE: Qualifying Transaction - Completed/New Symbol, Name Change, Private Placement - Brokered, Private Placement - Non-Brokered, Resume Trading BULLETIN DATE: August 8, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated July 25, 2008. As a result, at the opening on August 11, 2008, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following: 1. Acquisition of 755032 B.C. Ltd. ("BC Ltd.") Pursuant to an Agreement in Principle dated November 19, 2007 as amended on December 28, 2007, the Company acquired all of the issued and outstanding shares of BC Ltd. in consideration of the issuance of 50,000,000 Special Warrants ("SW") from Petrol One Corp. ("Petrol One"). Each SW will convert into 1 share of the Company after a 4 month period. For further information, please refer to the Company's Filing Statement dated July 25, 2008. 2. Escrow Transfer 1,100,000 escrowed shares have been transferred to David Hodge and Shaun Ledding at a price of $0.10 per share. 3. Private Placement - Brokered and Non-Brokered TSX Venture Exchange has accepted for filing documentation with respect to a Brokered and Non-Brokered Private Placement: Number of Shares: 6,125,995 shares - Non-Brokered 4,166,663 shares - Brokered Purchase Price: $0.12 per share Warrants: 10,292,658 share purchase warrants to purchase 10,292,658 shares Warrant Exercise Price: $0.24 for a one year period Number of Placees: 101 placees Agent's Fee: 10% cash from the sale of 4,166,663 Units payable to Northern Securities Inc. 416,666 Agent's warrants, exercisable at $0.12 for a 12 month period. Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P No. of Units Balraj Mann Y 300,000 Caplan Capital corp. P 50,000 Dave Hodge Y 40,000 Li Zhu P 50,000 Trevor Perepolkin P 80,000 David Poggemiller P 208,333 Dawn Poggemiller P 100,000 The Exchange has been advised that the above transactions have been completed. 4. Name Change The Company has changed its name as follows. There is no consolidation of capital. Effective at the opening August 11, 2008, the common shares of Zimtu Capital Corp. will commence trading on TSX Venture Exchange, and the common shares of Flow Energy Ltd. will be delisted. The Company is classified as "Investment Issuer". Capitalization: Unlimited shares with no par value of which 64,292,658 shares are issued and outstanding (includes the SW) Escrow: 11,384,596 Transfer Agent: Pacific Corporate Trust Company Trading Symbol: ZC (new) CUSIP Number: 989589 10 6 (new) Company Contact: Dave Hodge Company Address: No. 1450 - 789 West Pender Street Vancouver, BC V6C 1H2 Company Phone Number: (604) 681-1568 Company Fax Number: (604) 681-8240 Company Email Address: dhodge@zimtu.com -------------------------------------

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