Private PlacementThe TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 26, 2005.
Shares: three million
Price: 17 cents per share
Warrants: three million share purchase warrants to purchase three million shares
Exercise price: 20 cents for a two-year period
Placees: 20
Insider: Byron Coulthard 130,000
Pro group: Monaco Investment Corp. (Darcy Higgs) 200,000
Finder's fee: $2,318 payable to Haywood Securities Inc.