TSX Venture Exchange Daily Bulletins



    VANCOUVER, Aug. 11 /CNW/ -

    
    TSX VENTURE COMPANIES

    ALEXANDRIA MINERALS CORPORATION ("AZX")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: August 11, 2008
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced June 20, 2008, July 9, 2008, July
22, 2008 and August 6, 2008:

    Number of Shares:        12,160,771 flow-through shares
                             1,250,000 non flow-through shares

    Purchase Price:          $0.13 per flow-through share
                             $0.10 per non flow-through share

    Warrants:                6,080,386 flow-through share purchase warrants
                             to purchase 6,080,386 common shares at $0.25 per
                             share for a two year period.

                             1,250,000 non flow-through share purchase
                             warrants to purchase 1,250,000 common shares at
                             $0.23 per share for a two year period.

    Number of Placees:       10 placees (flow-through)
                             1 placee (non flow-through)

    Insider / Pro Group Participation:

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

    Thomas W. Seltzer        P                                   100,000 f/t
    Jeffrey Lunter           P                                   384,616 f/t
    Dean Williams            P                                   384,616 f/t
    C. Channing Buckland     P                                   600,000 f/t
    Aaron Chan               P                                    30,000 f/t
    Charlotte Faulkner       P                                   100,000 f/t

    Finder's Fee:            MAK Allen & Day Capital Partners Inc. will
                             receive an 8% cash finder's fee of $64,000.00.

                             Anthem Capital Group Inc. (Paul O'Brien) will
                             receive an 8% cash finder's fee of $20,800.00

                             Bolder Investment Partners will receive an 8%
                             cash finder's fee of $14,240.00.

                             Haywood Securities Inc. will receive an 8% cash
                             finder's fee of $2,080.00.

                             Canaccord Capital Corp. will receive an 8% cash
                             finder's fee of $1,352.00.

                             Augen Capital Corp. will receive an 8% cash
                             finder's fee of $24,000.01.

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

    ALLIANCE GRAIN TRADERS INCOME FUND ("AGT.UN")
    BULLETIN TYPE: Property-Asset or Share Purchase Agreement
    BULLETIN DATE: August 11, 2008
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation pertaining to
share put agreements (the "Agreements") dated June 1, 2008 between Alliance
Grain Traders Income Fund (the "Fund"), Alliance Pulse Processors Inc., an
operating subsidiary of the Fund ("Subco"), the shareholders of Pulse Depot
Rosetown Inc. ("Pulse Depot") and the shareholders of various holding
companies of Pulse Depot (collectively, the "Vendors").
    The Agreement grants the Vendors the right, exercisable by August 1, 2008,
to require Subco to purchase all of the shares of Pulse Depot ("Put Right").
In the case of shares of Pulse Depot held by the Vendors' holding companies,
the Put Right allows the relevant Vendors to require Alliance to purchase all
of the issued and outstanding shares for such holding companies. As
consideration, Subco must pay the Vendors an aggregate of $8,500,000 subject
to adjustment for such things as the current assets, inventory, pre-paid
expenses, accounts receivable, cash on hand, accounts payable and long-term
debt of Pulse Depot as determined before closing. $715,000 of the purchase
price is payable by the issuance of 55,000 units of the Fund issued at a
deemed value of $13.00 per unit, and the rest is payable in cash or by the
assumption of certain debts of Pulse Depot.
    If the Vendors do not exercise all of the Put Rights by August 1, 2008,
then Subco has the right, exercisable from August 2, 2008 to August 31, 2008,
to require Pulse Depot to sell all its assets, business and properties to
Subco, for a purchase price of $8,500,000 subject to adjustment for such
things as the current assets, inventory, pre-paid expenses, accounts
receivable, cash on hand, accounts payable and long-term debt of Pulse Depot
as determined before closing.
    For further information, please refer to the Fund's press release dated
June 3, 2008 and July 24, 2008.

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

    CANASIA INDUSTRIES CORPORATION ("CAJ")
    BULLETIN TYPE: Property-Asset or Share Purchase Agreement
    BULLETIN DATE: August 11, 2008
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation in connection
with an Asset Purchase Agreement dated July 22, 2008 between the Company and
Golden Patriot, Corp. (Bradley Rudman, President, Steven Goldberg, Director)
whereby the Company will acquire a 100% interest in the Debut gold property
comprised of 16 mineral claims located in Elko County, Nevada. The aggregate
consideration is $35,000 and 350,000 common shares.
    The option agreement entered into in December, 2006 whereby the Company
would earn a 50% interest in the property in consideration of expending
$1,000,000 in exploration over ten years will terminate upon the closing of
the above Asset Purchase Agreement.

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

    CMYK CAPITAL INC. ("MYK.P")
    BULLETIN TYPE: Halt
    BULLETIN DATE: August 11, 2008
    TSX Venture Tier 2 Company

    Effective at 10:17 a.m. PST, August 11, 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
                          -------------------------

    CONPOREC INC. ("CNX")
    BULLETIN TYPE: Halt
    BULLETIN DATE: August 11, 2008
    TSX Venture Tier 2 Company

    Effective at 8:10 a.m. PST, August 11, 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
                          -------------------------

    FOX RE

SOURCES LTD. ("FXR.P") (formerly Waverley Biotech Inc. ("WVE.P")) BULLETIN TYPE: Name Change, Remain Suspended BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Pursuant to a resolution passed by shareholders June 26, 2008, the Company has changed its name as follows. There is no consolidation of capital. Effective at the opening August 12, 2008, the common shares of Fox Resources Ltd. will be listed but remain suspended on TSX Venture Exchange, and the common shares of Waverly Biotech Inc. will be delisted. The Company is classified as a 'CPC' company. Capitalization: Unlimited shares with no par value of which 1,956,667 shares are issued and outstanding Escrow: 956,667 escrowed shares Transfer Agent: CIBC Mellon Trust Company Trading Symbol: FXR.P (new) CUSIP Number: 351535 10 9 (new) Remain Suspended Further to the TSX Venture Exchange bulletin dated April 4, 2008, effective from May 7, 2008, trading in the shares of Fox Resources Ltd. will remain suspended, the company having not yet completed a qualifying transaction within 24 months of its listing. Members are prohibited from trading in the securities of the company during the period of the suspension or until further notice. TSX-X ------------------------- FURY EXPLORATIONS LTD. ("FUR") BULLETIN TYPE: Resume Trading BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Effective at the open, August 11, 2008, shares of the Company resumed trading, an announcement having been made over StockWatch. TSX-X ------------------------- GEOINFORMATICS EXPLORATION INC. ("GXL") BULLETIN TYPE: Halt BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Effective at 9:16 a.m. PST, August 11, 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 ------------------------- GEOINFORMATICS EXPLORATION INC. ("GXL") BULLETIN TYPE: Resume Trading BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Effective at 11:00 a.m. PST, August 11, 2008, shares of the Company resumed trading, an announcement having been made over StockWatch. TSX-X ------------------------- GGL DIAMOND CORP. ("GGL") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced July 8, 2008: Number of Shares: 1,900,000 flow-through shares and 1,355,000 non flow-through shares Purchase Price: $0.25 per flow-through per share and $0.20 per non flow-through share Warrants: 1,355,000 share purchase warrants attached to the non flow-through shares to purchase 1,355,000 shares Warrant Exercise Price: $0.30 for a one year period $0.40 in the second year Number of Placees: 19 placees Insider / Pro Group Participation: Insider equals Y / Name ProGroup equals P / No. of Shares William J. Boden Y 820,000 RAH Consulting Ltd. Y 50,000 Bernard Leroux P 500,000 Finder's Fee: $8,000 payable to Haywood Securities Inc., $160 and 10,000 non flow-through shares payable to Jones Gable & Co. Ltd. and 20,000 non flow- through shares payable to Raymond James Ltd. 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 ------------------------- HATHOR EXPLORATION LIMITED ("HAT") BULLETIN TYPE: Halt BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Effective at the open, August 11, 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 ------------------------- HATHOR EXPLORATION LIMITED ("HAT") BULLETIN TYPE: Resume Trading BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Effective at 8:30 a.m. PST, August 11, 2008, shares of the Company resumed trading, an announcement having been made over StockWatch. TSX-X ------------------------- INTERCAP ECOMMERCE INC. ("IEG") BULLETIN TYPE: Reinstated for Trading BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated May 12, 2008, the Exchange has been advised that the Cease Trade Order issued by the Alberta Securities Commission on May 12, 2008 has been revoked. Effective at the opening on Tuesday, August 12, 2008, trading will be reinstated in the securities of the Company. TSX-X ------------------------- IP APPLICATIONS CORP. ("IPX") BULLETIN TYPE: Private Placement-Non-Brokered, Amendment BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Further to the TSX Venture Exchange amending bulletin dated July 29, 2008, the Exchange has been advised of an additional amendment with respect to a Non-Brokered Private Placement announced by the Company June 20, 2008: Finder's Fee: $35,920 in cash plus warrants to purchase 179,600 shares @ $0.25 per share for 24 months is payable to Raymond James Ltd. TSX-X ------------------------- ITHACA ENERGY INC. ("IAE") BULLETIN TYPE: Prospectus-Share Offering BULLETIN DATE: August 11, 2008May 11, 2001 TSX Venture Tier 1 Company Effective August 1, 2008, the Company's Prospectus dated August 1, 2008 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta Securities Commission, the British Columbia Securities Commission, the Saskatchewan Financial Services Commission, the Manitoba Securities Commission, the New Brunswick Securities Commission, the Nova Scotia Securities Commission, the Prince Edward Island Securities Office, the Superintendent of Securities ( Newfoundland and Labrador), and the Ontario Securities Commission, pursuant to the provisions of the Securities Act. TSX Venture Exchange has been advised that closing occurred on August 11, 2008, for gross proceeds of $75,000,000. Agents: RBC Dominion Securities, Tristone Capital Inc., FirstEnergy Capital Corp., Canaccord Capital Corporation, Fraser MacKenzie Limited and Research Capital Corporation Offering: 50,000,000 shares Share Price: $1.50 per share TSX-X ------------------------- LA QUINTA RE

SOURCES CORPORATION ("LAQ") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 28, 2008: Number of Shares: 2,700,000 shares Purchase Price: $0.25 per share Warrants: 1,350,000 share purchase warrants to purchase 1,350,000 shares Warrant Exercise Price: $0.40 in the first year $0.60 in the second year Number of Placees: 13 placees Insider / Pro Group Participation: Insider equals Y / Name ProGroup equals P / No. of Shares Pinetree Resource Partnership Y 1,000,000 Batell Investments Ltd. (Ken Bates and David Elliott) P 100,000 David Elliott P 200,000 David Shepherd P 100,000 Swallow Services Ltd. (Malcolm Swallow) Y 200,000 C. Channing Buckland P 400,000 Finder's Fee: $42,000 cash and 168,000 warrants payable to Haywood Securities Inc. $12,000 cash and 48,000 warrants payable to Bolder Investment Partners, Ltd. Finder's fee warrants are exercisable at $0.45 per share for one year. 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 ------------------------- LATIGO CAPITAL CORPORATION ("LTG.P") BULLETIN TYPE: Remain Halted BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated August 5, 2008, effective at 8:55 a.m. PST, August 11, 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 ------------------------- PENCARI MINING CORPORATION ("PMC") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 30, 2008: Number of Shares: 2,500,000 shares Purchase Price: $0.10 per share Warrants: 2,500,000 share purchase warrants to purchase 2,500,000 shares Warrant Exercise Price: $0.15 for an 18 month period Number of Placees: 1 placee Insider / Pro Group Participation: Insider equals Y / Name ProGroup equals P / No. of Shares Longview Capital Partners Inc. Y 2,500,000 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. (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 ------------------------- PHOENIX OILFIELD HAULING INC. ("PHN") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: August 11, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation pursuant to an Asset Purchase Agreement ( the "Agreement" ) between Phoenix Oilfield Hauling Inc. (the " Company ") and North of 55 Outfitters Corp. ("North"). The Company has acquired all right and title in and to a "Foremost Husky 8 all Terrain Vehicle". In consideration, the Company paid to North $30,000 cash and issued 300,000 common shares at a deemed price of $0.40 per share. TSX-X ------------------------- PHOENIX OILFIELD HAULING INC. ("PHN") BULLETIN TYPE: Shares for Bonus BULLETIN DATE: August 11, 2008 TSX Venture Tier 1 Company TSX Venture Exchange (the "Exchange") has accepted for filing documentation pursuant to a financing arrangement between Phoenix Oilfield Hauling Inc. (the " Company ") and a non-arm's length lender ( the "Lender"). The Lender has agreed to provide a $2,500,000 subordinate debenture. The debenture will be for three years and bear an interest rate of 8% cash interest rate and a deferred interest rate of up to 4% per annum. The Exchange also accepts the issuance of 100,000 share purchase warrants to purchase 100,000 common shares at a price of $0.35 per share for a period of five years as part of a settlement for a waiver from the Company's commercial lenders. In addition, the Exchange has accepted for filing documentation pursuant to a financing agreement between the Company and a non-arm's length lender. The lender has agreed to provide a $7,500,000 subordinate debenture. The debenture will be for three yeas and bear an interest rate of 8% cash interest rate and a deferred interest rate of up to 10% per annum. In consideration, the Company will issue the lender 5,000,000 share purchase warrants to purchase 5,000,000 common shares at a price of $0.35 per share for a period of five years. TSX-X ------------------------- PHOENIX OILFIELD HAULING INC. ("PHN") BULLETIN TYPE: Property Asset or Share Purchase Agreement BULLETIN DATE: August 11, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation pursuant to an Asset Purchase Agreement (the "Agreement ") dated July 7, 2008, between Phoenix Oilfield Hauling Inc. (the "Company"), Rodan Transport Ltd. and its wholly owned U.S. subsidiary Rodan Transport (USA) Ltd. ("Rodan"). The Company will acquire all of the assets of Rodan. The purchase price is $12,000,000 which will be comprised of $8,700,000 cash (plus a holdback of $300,000) and the issuance of 3,000,000 common shares of the Company. The deemed price of the shares is $0.35 per share. TSX-X ------------------------- PLATO GOLD CORP. ("PGC") BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Further to the TSX Venture Exchange (the "Exchange") bulletin dated August 18, 2006, the Exchange has accepted for filing documentation pertaining to an amended option agreement (the "Agreement") dated April 22, 2008, amending the original option agreement dated August 8, 2006, between Plato Gold Corp. (the "Company") and Globex Mining Enterprises Inc. - a TSX-listed company (the "Vendor"), whereby the Company shall have the option to acquire a 100% undivided interest in the "Nordeau East and West Properties" and a 60% undivided interest in the "Bateman Bay Claims". Pursuant to the Agreement, the Company must now pay the Vendor an additional aggregate of $175,000 by December 31, 2011 and issue an additional aggregate of 2,000,000 shares by December 31, 2011. In addition, the time limits for the required aggregate $6,000,000 exploration expenditures have been extended from December 31, 2008 to December 31, 2011 and the delivery of a bankable feasibility study has been extended from December 31, 2009 to December 31, 2012. All other terms of the transaction remain unchanged. For further information, please refer to the Company's press release dated April 24, 2008. TSX-X ------------------------- POPLAR CREEK RE

SOURCES INC. ("PCK.P") BULLETIN TYPE: Remain Halted BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated August 1, 2008, effective at 6:48 a.m. PST, August 11, 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 ------------------------- RICH MINERALS CORPORATION ("RMC") BULLETIN TYPE: Company Tier Reclassification BULLETIN DATE: August 11, 2008 TSX Venture Tier 1 Company In accordance with Policy 2.5, the Company has not maintained the requirements for a Tier 1 company. Therefore, effective Tuesday, August 12, 2008, the Company's Tier classification will change from Tier 1 to: Classification Tier 2 TSX-X ------------------------- RYLAND OIL CORPORATION ("RYD") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing an option agreement dated May 30, 2008 between Rover Resources Inc., (a wholly owned US subsidiary of Ryland Oil Corporation (the 'Company'), and Beach Petroleum LLC and Richard Findlay, pursuant to which the Company may acquire a 50% working interest in 5,950 net acres of petroleum and natural gas leases located in San Juan County, Utah, and San Miguel County, Colorado. The purchase price is $300,000. TSX-X ------------------------- SACRE-COEUR MINERALS LTD. ("SCM") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 11, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 5, 2008 and August 8, 2008: Number of Shares: 2,500,000 shares Purchase Price: $1.45 per share Warrants: 1,250,000 share purchase warrants to purchase 1,250,000 shares Warrant Exercise Price: $1.75 for a two year period 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). 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 ------------------------- Sieger Capital Management Ltd. ("SIE.P") BULLETIN TYPE: Resume Trading BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Effective at the opening August 12, 2008, shares of the Company will resume trading. The Company has advised the Exchange that the QT September 4, 2007 will not be proceeding, and the agreement dated November 22, 2007 to acquire all of the issued shares Mineral Mountain Resources Ltd., has been terminated. For further information, please see the Company's news release, dated August 7, 2008 TSX-X ------------------------- STARFIRE MINERALS INC. ("SFR") BULLETIN TYPE: Halt BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Effective at 9:16 a.m. PST, August 11, 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 ------------------------- STARFIRE MINERALS INC. ("SFR") BULLETIN TYPE: Resume Trading BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Effective at 11:00 a.m. PST, August 11, 2008, shares of the Company resumed trading, an announcement having been made over Market News Publishing. TSX-X ------------------------- TERRA VENTURES INC. ("TAS") BULLETIN TYPE: Halt BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Effective at the open, August 11, 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 ------------------------- TERRA VENTURES INC. ("TAS") BULLETIN TYPE: Resume Trading BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Effective at 10:00 a.m. PST, August 11, 2008, shares of the Company resumed trading, an announcement having been made over StockWatch. TSX-X ------------------------- UNION GOLD INC. ("UN") BULLETIN TYPE: Resume Trading BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company Effective at the opening on Tuesday, August 12, 2008, shares of the Company will resume trading, an announcement having been made on August 8, 2008. TSX-X ------------------------- URBAN COMMUNICATIONS INC. ("UBN") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 11, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 24, 2008: Number of Shares: 13,900,062 shares Purchase Price: $0.15 per share Number of Placees: 23 placees Insider / Pro Group Participation: Insider equals Y / Name ProGroup equals P / No. of Shares Blain M. Archer Y 344,584 Anthony Hearne Y 33,333 Lightwave Communications Inc. (Clifford Bouillet) Y 2,626,791 Leslie E. Maerov Y 2,148,205 David H. Robertson Y 2,355,836 Whitehorse Savings Ltd. (David H. Robertson) Y 1,000,000 Finder's Fee: $7,500 in cash and 150,000 warrants payable to GMP Securities L.P. where each warrants is exercisable into one common share of the Company at $0.25 per share for a 24 month period. $3,750 in cash payable to Alastair Rees-Thomas. $25,000 in cash payable to Thast Projects Inc. (Robert Thast). 250,000 common shares payable to Jim Dickinson. 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 -------------------------

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