The TSX Venture Exchange has accepted for filing the company's proposal to issue 2,892,393 shares to settle outstanding debt for $144,619.64.

Number of creditors:  four creditors

Insiders:  Mel de Quadros, $47,460, 949,200 shares at five cents; Paul Ankcorn, $32,000, 640,000 shares at five cents; Fouad Kamaleddine, $42,159.64, 843,193 shares at five cents; Mark Billings, $23,000, 460,000 shares at five cents

The company shall issue a news release when the shares are issued and the debt extinguished.