2010-07-13 16:14 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 21, 2010.

Shares: 15.8 million

Purchase price: five cents

Warrants: 15.8 million share purchase warrants to purchase 15.8 million shares

Warrant exercise price: 10 cents for a one-year period and 15 cents in the second year

Hidden placees: 15

Insider: Souhail Abi-Farrage 3.9 million

Pro groups: Tejbir Sing Nat 400,000; Fadia Rahal 300,000

Finders' fees: $2,250 cash and 45,000 shares payable to Global Securities Corp.; $1,000 cash and 20,000 shares payable to Vadim Degen