The TSX Venture Exchange has accepted for filing the company's proposal to issue 871,112 shares to settle outstanding debt for $130,666.67.

Number of creditors:  four creditors

Insiders:  Nicolas Bitterswyck, $60,000, 400,000 shares at 15 cents; Robert van Duynhoven, $40,000, 266,667 shares at 15 cents

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