***AMENDED**** The Company Is Pleased To Announce That The Private Placement Announced January 26, 2006 Of 6,000,000 Units
The Company is pleased to announce that the Private Placement announced January 26, 2006 of 6,000,000 units at $0.10 per unit has been increased to 9,500,000 units. The terms of the Placement remain the same.
Each unit will consist of one common share and a two-year share purchase warrant exercisable at $0.12 per share during the first year and $0.15 per share during the second year. The proceeds will be used to augment working capital. The placement is subject to TSX Venture Exchange acceptance. The Company will pay finder fees in connection with this financing in accordance with TSX Venture Exchange policy.
For more information please contact David Wolfin at 604-682-3701.
On Behalf of the Board;
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.