PRIVATE PLACEMENT #21
The Company has arranged, subject to regulatory approval, a private placement of 615,686 units at $0.255 per unit. Each unit will consist of one common share without par value in the capital of the Company and one non-transferable share purchase warrant. Each warrant will entitle the placee to purchase an additional share for a period of two years at a price of $0.255 per share if exercised in the first year and $0.30 per share if exercised in the second year.
The proceeds of the private placement will be used for general corporate purposes.
ON BEHALF OF THE BOARD
Mike H. Bourdeau
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.