The TSX Venture Exchange has accepted for filing the company's proposal to issue 186,296 shares and 177,037 share purchase warrants to settle outstanding debt for $50,300.

Number of creditors:  three creditors

Insider:  P. Joseph Meagher, $2,500, 9,259 shares at 27 cents

Warrants:  77,037 share purchase warrants to purchase 177,037 shares

Warrant exercise price:  36 cents for a four-year period

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