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TSX Venture Exchange Daily Bulletins


News provided by

TSX Venture Exchange

Oct 01, 2010, 16:40 ET

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VANCOUVER, Oct. 1 /CNW/ -

    
    TSX VENTURE COMPANIES

    BEAR LAKE GOLD LTD. ("BLG")
    BULLETIN TYPE: Warrant Term Extension
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 1 Company

    TSX Venture Exchange has consented to the extension in the expiry date of
the following warrants:

    Private Placement:

    No. of Warrants:                     3,003,267
    Original Expiry Date of Warrants:    October 23, 2010
    New Expiry Date of Warrants:         October 23, 2011
    Exercise Price of Warrants:          $0.40

    These warrants were issued pursuant to a private placement of 13,350,000
flow through shares and 3,003,267 non flow through shares with 3,003,267 share
purchase warrants attached, which was accepted for filing by the Exchange
effective October 29, 2008.

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

    BV! MEDIA INC. ("BVM")
    BULLETIN TYPE: Halt
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    Effective at the opening, October 1, 2010, 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.

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

    CARBON2GREEN CORPORATION ("CGN")
    BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing the documentation with
respect to a Non-Brokered Private Placement by way of a Convertible Debenture
as announced on August 27, 2010.

    Convertible Debenture:      $190,000

    Conversion Price:           Convertible into common shares at $0.25 per
                                share

    Maturity date:              September 29, 2012

    Interest Rate:              14%

    Number of Placees:          5 placees

    The Company has confirmed the closing of the above-mentioned Private
Placement by way of a press release dated September 30, 2010

    CORPORATION CARBON2GREEN ("CGN")
    TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier,
    Débenture convertible
    DATE DU BULLETIN : Le 1er octobre 2010
    Société du groupe 2 de TSX Croissance

    Bourse de croissance TSX a accepté le dépôt de la documentation en vertu
d'un placement privé sans l'entremise d'un courtier par voie de débenture
convertible, tel qu'annoncé le 27 août 2010.

    Débenture convertible :     190 000 $

    Prix de conversion :        Convertible en actions ordinaires au prix de
                                0,25 $ l'action

    Date d'échéance :           Le 29 septembre 2012

    Taux d'intérêt :            14 %

    Nombre de souscripteurs :   5 souscripteurs

    La société a confirmé la clôture du placement privé mentionné ci-dessus
par voie d'un communiqué de presse daté du 30 septembre 2010.

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

    CLEMEX TECHNOLOGIES INC. ("CXG")
    BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 1 Company

    TSX Venture Exchange has accepted for filing the documentation with
respect to a Non-Brokered Private Placement by way of a Convertible Debenture
as announced on September 17, 2010.

    Convertible Debenture:   $150,000

    Conversion Price:        Convertible into common shares at $0.125 per
                             share

    Maturity date:           September 1, 2012

    Interest Rate:           11%

    Number of Placees:       1 placee

    The Company has confirmed the closing of the above-mentioned Private
Placement by way of a press release.

    LES TECHOLOGIES CLEMEX INC. ("CXG")
    TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier,
    Débenture convertible
    DATE DU BULLETIN : Le 1er octobre 2010
    Société du groupe 1 de TSX Croissance

    Bourse de croissance TSX a accepté le dépôt de la documentation en vertu
d'un placement privé sans l'entremise d'un courtier par voie de débenture
convertible, tel qu'annoncé le 17 septembre 2010.

    Débenture convertible :     150 000 $

    Prix de conversion :        Convertible en actions ordinaires au prix de
                                0,125 $ l'action

    Date d'échéance :           le 1er septembre 2012

    Taux d'intérêt :            11 %

    Nombre de souscripteurs :   1 souscripteur

    La société a confirmé la clôture du placement privé mentionné ci-dessus
par voie d'un communiqué de presse.

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

    CMC METALS LTD. ("CMB")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced September 15, 2010:

    Number of Shares:        3,902,667 shares

    Purchase Price:          $0.15 per share

    Warrants:                3,902,667 share purchase warrants to purchase
                             1,951,333 shares

    Warrant Exercise Price:  $0.20 for a one year period

    Number of Placees:       29 placees

    Insider/Pro Group Participation:

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

    Michael C. Scholz        Y                                   675,000
    John Bossio              Y                                    23,333
    Steve Mathiesen          Y                                    23,000
    Aaron Chan               P                                   200,000
    Challa Reisner           P                                   100,000
    Paul DiPasquale          P                                    40,000
    Shayne Nyquvest          P                                   200,000
    Al Morishita             P                                   100,000

    Finders' Fees:           $420 cash payable to RBC Dominion Securities
                             $1,800 cash payable to Raymond James
                             $1,750 cash payable to Global Securities
                             $2,700 cash payable to McQuarrie Private Wealth
                             Inc.
                             $7,308 cash payable to Wolverton Securities Ltd.
                             $8,872.50 cash payable to Canaccord Genuity
                             Corp.

    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.

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

    COBALT COAL CORP. ("CBT")
    BULLETIN TYPE: Shares for Debt
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing the Company's proposal to
issue 5,800,000 shares to a Non-Arms length Creditor at a deemed price of
$0.05 per share to settle an outstanding debt of $290,000.

    Number of Creditors:     1 Creditor

    Insider/Pro Group Participation:

                                                        Deemed
                       Insider equals Y/     Amount      Price      No. of
    Creditor           Progroup equals P      Owing    per Share    Shares

    David M. Lewis     Y                    $290,000     $0.05    5,800,000

    This transaction was disclosed in the Company's press release dated
September 21, 2010.

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

    CORTEX BUSINESS SOLUTIONS INC. ("CBX")
    BULLETIN TYPE: Shares for Bonuses
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing the Company's proposal to
issue 1,600,000 bonus shares to various employees of the Company at a deemed
price of $0.435 per share. Shareholders approved this issuance at a meeting
held on June 14, 2010.

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

    DIVERSINET CORP. ("DIV")
    BULLETIN TYPE: Shares for Debt
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 1 Company

    TSX Venture Exchange has accepted for filing the Company's proposal to
issue 75,000 shares at a deemed price of $0.34875 per share to settle
outstanding debt for $26,156.25.

    Number of Creditors:     4 Creditors

    Insider/Pro Group Participation:

                                                        Deemed
                       Insider equals Y/     Amount      Price      No. of
    Creditor           Progroup equals P      Owing    per Share    Shares

    Ravi Chiruvolu     Y                   $6,539.06   $0.34875     18,750
    Greg Milavsky      Y                   $6,539.06   $0.34875     18,750
    Philippe Tardif    Y                   $6,539.06   $0.34875     18,750
    James B.
     Wigdale Jr.       Y                   $6,539.06   $0.34875     18,750

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

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

    DRAKO CAPITAL CORP. ("DKC.P")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced August 18, 2010:

    Number of Shares:        4,000,000 common shares

    Purchase Price:          $0.25 per share

    Number of Placees:       44 placees

    Insider/Pro Group Participation:

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

    Bryan Henry              P                                    10,000
    Christopher Wahloth      P                                    10,000
    Greg Nelson              P                                    25,000
    Omega Energy
     International
     (Omar Quiroz)           Y                                   600,000
    Connor Cruise            P                                   175,000
    Andrew MacGillivray      P                                   175,000

    Finder's Fee:            P I Financial Corp. - $ 50,000 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). The Company must also
issue a news release if the private placement does not close promptly.

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

    GOLDEN ODYSSEY MINING INC. ("GOE")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced August 16, August 27, September 22
and September 28, 2010:

    Number of Shares:        14,060,000 units ("Units")
                             Each Unit consists of one common share and one
                             common share purchase warrant

    Purchase Price:          $0.05 per Unit

    Warrants:                14,060,000 share purchase warrants to purchase
                             14,060,000 shares

    Warrant Exercise Price:  $0.10 for up to 24 months from date of issuance

    Number of Placees:       33 placees

    Insider/Pro Group Participation:

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

    Tyrone Docherty          Y                                  100,000
    Docherty Capital Corp.
     (Tyrone Docherty)       Y                                  500,000
    Pamela Lynch             Y                                   25,000
    Kevin Sands              P                                   60,000

    Finder's Fee:            $18,400 cash payable to Ryan Blue
                             $3,150 cash payable to Canaccord Ingenuity

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

    GOLDEN REIGN RESOURCES LTD. ("GRR")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced October 1, 2010:

    Number of Shares:        2,000,000 shares

    Purchase Price:          $0.25 per share

    Warrants:                2,000,000 share purchase warrants to purchase
                             2,000,000 shares

    Warrant Exercise Price:  $0.35 for a two year period

    Number of Placees:       5 placees

    Insider/Pro Group Participation: 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. (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.)

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

    IBERIAN MINERALS CORP. ("IZN")
    BULLETIN TYPE: Company Tier Reclassification
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    In accordance with Policy 2.5, the Company has met the requirements for a
Tier 1 company. Therefore, effective October 4, 2010, the Company's Tier
classification will change from Tier 2 to:

    Classification
    Tier 1

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

    JOURDAN RESOURCES INC. ("JOR")
    (Formerly Jourdan Resources Inc. ("JRN"))
    BULLETIN TYPE: Consolidation, Symbol Change
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    Pursuant to a Special Resolution accepted by shareholders on July 21,
2010, the Company has consolidated its capital on a four old for one new
basis. The name of the Company has not been changed.
    Effective at the opening Monday, October 4, 2010, the common shares of the
Company will commence trading on TSX Venture Exchange on a consolidated basis.
The Company is classified as a "Gold and Silver Ore Mining CAN" company (NAICS
number 212220).

    Post - Consolidation
    Capitalization:          Unlimited common shares with no par value of
                                       which 18,857,958 common shares are
                                       issued and outstanding.
    Escrow:                     25,000 shares

    Transfer Agent:          Computershare Investor Services Inc. (Montréal
                             and Toronto)
    Trading Symbol:          JOR       (new)
    CUSIP Number:            480901206 (new)

    RESSOURCES JOURDAN INC. ("JOR")
    (Anciennement Ressources Jourdan Inc. ("JRN"))
    TYPE DE BULLETIN : Regroupement, Changement de symbole
    DATE DU BULLETIN : Le 1 octobre 2010
    Société du groupe 2 de TSX Croissance

    En vertu d'une résolution spéciale des actionnaires du 21 juillet 2010, la
société a consolidé son capital-actions sur la base de quatre anciennes
actions pour une nouvelle action. La dénomination sociale de la société n'a
pas été modifiée.
    Les actions ordinaires de la société seront admises à la négociation à la
Bourse de croissance TSX sur une base consolidée à l'ouverture des affaires
lundi le 4 octobre 2010. La société est catégorisée comme une société
d'"Extraction de minerais d'or et d'argent CAN" (numéro SCIAN 212220).

    Capitalisation après
    consolidation :             Un nombre illimité d'actions ordinaires sans
                                valeur nominale, dont 18 857 958 actions
                                ordinaires sont émises et en circulation.

    Actions entiercées :        25 000 actions

    Agent des transferts :      Computershare Investor Services Inc.
                                (Montréal et Toronto)

    Symbole au téléscripteur :  JOR       (nouveau)
    Numéro de CUSIP :           480901206 (nouveau)

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

    KARMIN EXPLORATION INC. ("KAR")
    BULLETIN TYPE: Resume Trading
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    Effective at opening Monday, October 4, 2010, the common shares of the
Company will resume trading, an announcement having been made on October 1,
2010 as to the termination of its proposed Reverse Take Over transaction with
Ignite Energy Resources Pty Ltd.

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

    OPAWICA EXPLORATIONS INC. ("OPW")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced August 27, 2010 and amended on
September 17, 2010:

    Number of Shares:        6,050,000 flow-through shares

    Purchase Price:          $0.10 per share

    Warrants:                3,025,000 share purchase warrants to purchase
                             3,025,000 shares

    Warrant Exercise Price:  $0.15 for a one year period

    Number of Placees:       30 placees

    Insider/Pro Group Participation:

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

    Donald (Dan) Clark       Y                                    50,000
    Michael Meyers           Y                                   500,000
    Paul Antoniazzi          Y                                    50,000
    Sandra Wong              Y                                    50,000
    Alexander (Sandy) Bain   Y                                    50,000
    Jonathan Samuda          Y                                    25,000

    Finder's Fee:            $12,000 and 120,000 share purchase warrants
                             payable to Bolder Investment Partners
                             $4,000 and 40,000 share purchase warrants
                             payable to Jones, Gable & Company
                             $8,000 and 80,000 share purchase warrants
                             payable to Norstar Securities Limited
                             Partnership

    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.)

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

    PARAGON MINERALS CORPORATION ("PGR")
    BULLETIN TYPE: Property-Asset or Share Purchase Agreement
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for expedited filing documentation
pertaining to a Property Option Letter Agreement between Paragon Minerals
Corporation (the 'Company') and David Healey, pursuant to which the Company
can earn a 100% interest in one mineral claim totaling 12 units, located in
the Patricia Mining Division, Ontario, known as the Sturgeon Supreme Property.
In consideration, the Company will pay a total of $52,500 and issue a total of
110,000 shares in stages as follows:

    DATE              CASH         SHARES

    Year 1          $7,500         10,000
    Year 2          $7,500         10,000
    Year 3         $10,000         20,000
    Year 4         $12,500         30,000
    Year 5         $15,000         40,000

    In addition, there is a 2% net smelter return relating to the acquisition.
The Company may, at any time, purchase 1% of the net smelter return for
$1,000,000 and retain a right of first refusal on the remaining 1%.

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

    SHEAR MINERALS LTD. ("SRM")
    BULLETIN TYPE: Private Placement-Brokered
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced July 23 and August 27, 2010:

    Number of Shares:        139,451,000 units ("Units")
                             62,300,350 flow-through units ("FT Units")

                             Units consist of one common share ("Share") and
                             one Share purchase warrant ("Warrant") each.

                             FT Unit consists of one flow-through share and
                             one half of one Share purchase warrant ("FT
                             Warrant") each.

    Purchase Price:          $0.065 per Unit
                             $0.065 per FT Unit

    Warrants:                170,601,174 share purchase warrants to purchase
                             170,601,174 shares

    Warrant Exercise Price: Warrant:     $0.075 for up to 48 months from date
                                         of issuance
                             FT Warrant: $0.08 for up to 24 months from date
                                         of issuance

    Number of Placees:       74 placees

    No Insider/Pro Group Participation.

    Agent's Fee:             $668,806 cash and 10,289,319 warrants ("Agent
                             Warrants") payable to RBC Dominion Securities
                             Inc.

                             $118,025 cash and 1,185,762 Agent Warrants
                             payable to Macquarie Capital Markets Canada Ltd.

                             Each Agent Warrant is exercisable for one common
                             share at a price of $0.075 for up to 48 months
                             from date of issuance.

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

    TARSIS RESOURCES LTD. ("TCC")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for expedited filing documentation with
respect to a Non-Brokered Private Placement announced September 20, 2010:

    Number of Shares:        4,100,000 shares

    Purchase Price:          $0.25 per share

    Warrants:                4,100,000 share purchase warrants to purchase
                             4,100,000 shares

    Warrant Exercise Price:  $0.50 for an eighteen month period

    Number of Placees:       23 placees

    Insider/Pro Group Participation:

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

    Arbutus Grove Capital
     Corp. (Craig Lindsey)   Y                                    20,000

    Finder's Fee:            $58,538 and 234,150 warrants payable to Global
                             Market Development LLC

    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.

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

    UC RESOURCES LTD. ("UC")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: October 1, 2010
    TSX Venture Tier 1 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
the second tranche of a Non-Brokered Private Placement announced September 20,
2010 and September 29, 2010:

    Number of Shares:        3,279,773 shares

    Purchase Price:          $0.11 per share

    Warrants:                1,639,886 share purchase warrants to purchase
                             1,639,886 shares

    Warrant Exercise Price:  $0.13 for a two year period

    Number of Placees:       10 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.

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

    YANKEE HAT MINERALS LTD. ("KHT")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: October 1, 2010
    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 26,
2010:

    Number of Shares:        11,052,270 non-flow-through shares
                             1,896,934 flow-through shares

    Purchase Price:          $0.05 per non-flow-through share
                             $0.075 per flow-through share

    Warrants:                12,949,204 share purchase warrants to purchase
                             12,949,204 shares

    Warrant Exercise Price:  $0.20 for a one year period

    Number of Placees:       33 placees

    Insider/Pro Group Participation:

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

    Tarbo Resources Ltd.
     (Terence Schorn)        Y                                446,668 FT
    Raymond James Ltd. ITF
     Michael Winiker         P                                200,000 NFT
    Canaccord Genuity
     Corp. ITF
     Peter Brown             P                              1,000,000 NFT
                                                              666,666 FT

    Finder's Fee:            $900 and 18,000 warrants payable to PI Financial
                             Corp.
                             $22,164.30 and 408,024 warrants payable to
                             Raymond James Ltd.
                             $4,500 and 90,000 warrants payable to D&D
                             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.

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

    NEX COMPANIES

    EAST WEST PETROLEUM CORP. ("EW")
    (formerly East West Petroleum Corp. ("EW.H"))
    BULLETIN TYPE: Change of Business, Private Placement-Non-Brokered,
    Graduation from NEX to TSX Venture, Symbol Change, Correction
    BULLETIN DATE: October 1, 2010
    NEX Company

    Further to the TSX Venture Exchange Bulletin dated September 30, 2010, the
Bulletin should have read in part as follows:

    Finders' Fees:           KBH Capital Corp. - $115,000 and 460,000
                             warrants that are exercisable to purchase one
                             unit at $0.25, each unit consisting of one share
                             and one warrant to buy one share for $0.34 on or
                             before September 29, 2013.

                             Shane Lowry. - $124,000 and 496,000 warrants
                             that are exercisable to purchase one unit at
                             $0.25, each unit consisting of one share and one
                             warrant to buy one share for $0.34 on or before
                             September 29, 2013.

                             Global Market Development LLC - $18,750 and
                             75,000 warrants that are exercisable to purchase
                             one unit at $0.25, each unit consisting of one
                             share and one warrant to buy one share for $0.34
                             on or before September 29, 2013.

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

    LONGREACH OIL AND GAS LIMITED ("LOI")
    (formerly: Chairman Capital Corp. ("CMN.H"))
    BULLETIN TYPE: Qualifying Transaction-Completed, Name Change and
    Consolidation, Symbol Change, Graduation from NEX to TSX Venture,
    Reinstated for Trading
    BULLETIN DATE: October 1, 2010
    NEX Company

    Trading in the common shares of the Company has been halted since February
25, 2008 and suspended since November 11, 2009, pending completion of its
Qualifying Transaction.
    TSX Venture Exchange has accepted for filing the Company's Qualifying
Transaction described in its Filing Statement dated July 19, 2010 and the
Addendum dated September 21, 2010. As a result, at the opening Monday, October
4, 2010, the Company will no longer be considered a Capital Pool Company and
the trading in the shares of the Company will be reinstated. The Qualifying
Transaction includes the following:

    The Company has completed its previously announced acquisition of
Longreach Oil and Gas Ventures Limited ("Ventures") by issuing to the
shareholders of Ventures an aggregate of 13,433,625 common shares and
1,880,805 common share purchase warrants. Each whole Longreach warrant is
exercisable for one common share of Longreach at an exercise price of
Cdn.$1.50 per share for the period that is the longer of: (i) 12 months from
the date Longreach is listed on the TSX-V; and (ii) 24 months from September
24, 2010.

    Name Change and Consolidation:

    Pursuant to a resolution passed by shareholders on January 22, 2010, the
Company has consolidated its capital on a 5 old for 1 new basis. The name of
the Company has also been changed as follows: from its former name: Chairman
Capital Corp, to its new name: Longreach Oil and Gas Limited.
    Effective at the opening Monday, October 4, 2010, the shares of Longreach
Oil and Gas Limited will commence trading on TSX Venture Exchange, and the
common shares of Chairman Capital Corp. will be delisted. The Company is
classified as an "Oil and Gas Exploration/Development" company.

    Post - Consolidation

    Capitalization:          Unlimited shares with no par value of which
                            13,683,625 shares are issued and outstanding
    Escrow:                  7,711,808 shares
                               390,104 share purchase warrants

    Transfer Agent:          Canada: Computershare Investor Services Inc.
                             Jersey: Computershare Investor Services (Jersey)
                                     Limited

    Trading Symbol:          LOI    (new)
    CUSIP Number:            G5651C 10 7

    The Exchange has been advised that the above transactions have been
completed, as announced in a press release dated September 24, 2010. For full
details about the Qualifying Transaction, please refer to the Filing Statement
dated July 19, 2010 and the Addendum dated September 21, 2010 available on
www.sedar.com.
    The Company has met the requirements to be listed as a TSX Venture Tier 2
Company. Therefore, effective on October 4, 2010, 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.

    Company Contact:         Andrew Benitz
                             Chief Operating Officer, Interim Secretary and
                             Director

    Company Address:         Jersey Office
                             12-14 David Place
                             St Helier, Jersey
                             Channel Islands JE2 4TD

                             London Office
                             International House
                             1-6 Yarmouth Place
                             London  W1J 7BU
                             UK

    Company Phone number:    +44 203 137 7759
    Email address:           [email protected]

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

For further information: Market Information Services at 1-888-873-8392, or email: [email protected]

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