Private PlacementThe TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Oct. 28, 2005.
Shares: 5,255,715
Price: 35 cents per share
Warrants: 2,627,857 share purchase warrants to purchase 2,627,857 shares
Exercise price: 45 cents for a two-year period
Placees: 78
Pro groups: Keith Peck 285,715; Batell Investments Ltd. (Ken Bates/David Elliott) 100,000; David Elliott 75,000; Eha Shepherd 37,500; David Shepherd 37,500; Cheryl L. Wheeler 50,000; John A. Wheeler 100,000; Lisa Stefani 30,000; Antonio Migliarese 15,000; Traci Bensen-Migliarese 15,000
Finder's fee: Haywood Securities Inc. will receive an 8-per-cent cash finder's fee of $147,160, a corporate finance fee of $25,000 and 10 per cent in agent's warrants totalling 525,571 warrants to acquire 525,571 units at a price of 35 cents per unit for a two-year period. The units have the same terms as the offering.