The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Nov. 10, 2010, Nov. 18, 2010, and Nov. 24, 2010.
Number of shares: 550,000 common shares and 3.46 million flow-through share
Purchase price: Nine cents per common share and 11 cents per flow-through share
Warrants: 550,000 share purchase warrants to purchase 550,000 shares and 3.46 million share purchase warrants to purchase 3.46 million shares
Warrant exercise price: 15 cents for a two-year period and 15 cents for a two-year period
Hidden placees: Nine hidden placees
Agent's fee: $7,920 and 103,304 compensation options payable to CGE Capital Inc. (Each compensation option is exercisable into one common share and one common share purchase warrant at a price of nine cents per compensation option for a two-year period. Each common share purchase warrant is exercisable into one common share at a price of 15 cents for a two-year period.)