The TSX Venture Exchange has accepted for filing documentation pursuant to security agreements between the company, and various arm's-length and non-arm's-length lenders. A total of $5,415,000 secured non-convertible notes were issued. The notes will bear an interest rate of 12 per cent and be due in one year. In consideration, the company issued 5,415,000 (preconsolidation) bonus shares to the lenders at a deemed price of 10 cents per share (preconsolidation).