The TSX Venture Exchange has accepted for filing the company's proposal to issue 1.65 million common shares at a deemed value of five cents per share to settle outstanding debt for $82,500.

Number of creditors:  two creditors

Total non-arm's-length-party involvement:  $82,500, 1.65 million shares at five cents (two parties)

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