Spinner

..Just for you..Our float is up over 100 million shares now..and the only thing that will save us from issuing the 3 million extra over allotment shares is that we may never reach a share price of $1.25...Yes I am Peed off..!!

underwriting will be $10,000,000.

The broker's warrants will be exercisable at the price of $0.80 per share for a period of 12 months from the date of closing subject to the proviso that if the volume weighted average trading price of the Company's shares is at least $1.25 for five consecutive trading days, the Company will have the right to accelerate the expiry date of the Agents' Warrants by written notice such that they will expire 30 days thereafter.

Flow-Through Shares are a tax-advantaged investment in the Canadian natural resource sector. Taxpayers in the highest marginal tax rate can reduce their taxable income and receive refundable or non-refundable tax-credits depending on their province of residency.

Essentially, exploration or mining companies who issue flow-through shares renounce the deductions that would normally be available to the company and provide the deduction to the investor. In order for the investor to benefit from the flow-through shares the company must spend the flow-through dollars on exploration in Canada. This includes most non-development stages of mining including ground sampling, geophysics, drilling, etc.

Flow-through shares are available through some funds or directly in a specific company through an investment advisor. Although the majority of flow-through shares are available towards the end of each year, we attempt to complete flow-through financings throughout the year. This often gives us access to what we consider to be the better flow-through offerings in the companies most likely to provide substantial upside potential. There is also a rush towards the end of each year for flow-through shares resulting in what some may consider less quality issues. Just because an issue is flow-through does not mean it is a suitable investment as the fundamentals of the company should be considered first.