The TSX Venture Exchange has accepted for filing the company's proposal to issue 10,249,183 common shares at a deemed value of six cents per share and 10,249,183 share purchase warrants to settle outstanding debt for $614,951.

Number of creditors:  five creditors

Warrants:  10,249,183 share purchase warrants to purchase 10,249,183 shares

Warrant exercise price:  10 cents for a five-year period

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