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2007-03-20 16:29 ET - Private Placement

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OGrady   Wednesday, 03/21/07 08:21:28 AM
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2007-03-20 16:29 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 30, 2007.


Shares: 4.5 million units (each unit consists of one common share and one-half of one share purchase warrant)

Purchase price: five cents per unit

Warrants: 2.25 million share purchase warrants to purchase 2.25 million shares

Warrant exercise price: 10 cents for a period of two years

Hidden placees: one

Insiders: 243796 Alberta Ltd. (Milton Erickson) one million; 285876 Alberta Ltd. (Kathleen Mackenzie) one million; William J. Wylie one million; and Normal Mackenzie 500,000


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