The TSX Venture Exchange has accepted for filing the company's proposal to issue 10.3 million shares and 1.8 million share purchase warrants to settle outstanding debt for $515,000.

Number of creditors:  one creditor

Warrants:  1.8 million share purchase warrants to purchase 1.8 million shares

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

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