The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 31, 2011.
Number of securities: 3,125,000 units (Each unit consists of one common share and one common share purchase warrant.)
Purchase price: Eight cents per unit
Warrants: 3,125,000 share purchase warrants to purchase 3,125,000 shares
Warrant exercise price: 20 cents for up to 24 months from the closing date
Hidden placees: Two hidden placees
Finder's fee: $25,000 cash and 312,500 units payable to Cabo Capital Corp.