The TSX Venture Exchange has accepted for filing the company's proposal to issue one million shares to settle outstanding debt for $50,000.
Number of creditors: five creditors
Insiders: 1544230 Ontario Inc. (Perry English), $32,500, 650,000 shares at five cents;
Don Devereaux, $1,750, 35,000 shares at five cents;
Don Leishman, $1,750, 35,000 shares at five cents;
Karl Bjorkman, $3,500, 70,000 shares at five cents;
Ken Fenwick, $10,500, 210,000 shares at five cents
The company shall issue a news release when the shares are issued and the debt extinguished.
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