http://www.marketwire.com Marketwire - Financial Agreements en Copyright: (C) Marketwire Fri, 09 May 2008 17:00:20 EDT 1 http://www.marketwire.com/rss/marketwire_logo.jpg http://www.marketwire.com http://www.marketwire.com/mw/release.do?id=854717&sourceType=3 RICHMOND, BRITISH COLUMBIA--(Marketwire - May 9, 2008) - The Government of Canada announced today that it will set aside dedicated funding for flood mitigation in British Columbia as a priority under Building Canada, the Government of Canada's new long-term infrastructure plan. The Honourable Stockwell Day, Minister of Public Safety, on behalf of the Honourable Lawrence Cannon, Minister of Transport, Infrastructure and Communities, made the announcement with the Honourable John van Dongen, British Columbia Minister of Public Safety and Solicitor General. Fri, 09 May 2008 17:00:00 EDT http://www.marketwire.com/mw/release.do?id=854716&sourceType=3 RICHMOND, COLOMBIE-BRITANNIQUE--(Marketwire - 9 mai 2008) - Le gouvernement du Canada a annoncé aujourd'hui qu'il consacrera des fonds en priorité à la protection contre les inondations en Colombie-Britannique dans le cadre de Chantiers Canada, son nouveau plan d'infrastructure à long terme. L'honorable Stockwell Day, ministre de la Sécurité publique, au nom de l'honorable Lawrence Cannon, ministre des Transports, de l'Infrastructure et des Collectivités, en a fait l'annonce en compagnie de l'honorable John van Dongen, ministre de la Sécurité publique et solliciteur général de la Colombie-Britannique. Fri, 09 May 2008 17:00:00 EDT http://www.marketwire.com/mw/release.do?id=854595&sourceType=3 KITCHENER, ONTARIO--(Marketwire - 9 mai 2008) - Harold Albrecht, député de Kitchener-Conestoga, a annoncé aujourd'hui, au nom de l'honorable Diane Finley, ministre de la Citoyenneté et de l'Immigration, que des fonds seront octroyés à cinq organismes pour les aider à offrir des services d'établissement à environ 1 200 immigrants de Kitchener-Waterloo. Les fonds, s'élevant à plus de 8,4 millions de dollars, aideront les nouveaux arrivants au Canada à accéder à divers services d'établissement offerts dans la ville, dont les suivants : cours de langue, aiguillage vers les ressources communautaires et aide en matière d'emploi. Fri, 09 May 2008 12:01:00 EDT http://www.marketwire.com/mw/release.do?id=854593&sourceType=3 KITCHENER, ONTARIO--(Marketwire - May 9, 2008) - Harold Albrecht, Member of Parliament for Kitchener-Conestoga, on behalf of the Honourable Diane Finley, Minister of Citizenship and Immigration, today announced new funding to help five organizations deliver settlement services to an estimated 1,200 immigrants in Kitchener-Waterloo. The more than $8.4 million in funding will help newcomers to Canada access a variety of settlement services in the city including language training, referrals to community resources and help finding a job. Fri, 09 May 2008 12:01:00 EDT http://www.marketwire.com/mw/release.do?id=854557&sourceType=3 ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - May 9, 2008) - Vulcan Minerals Inc. ("the Company") (TSX VENTURE:VUL), the Company is pleased to announce that it has closed the $1,000,000 financing announced on April 18, 2008. The financing consisted of 1,666,667 units at a price of $0.60 per unit, each unit consisting of one common share, subject to a 4-month hold period (September 8, 2008), and one-half of a share purchase warrant. Each whole share purchase warrant will entitle the owner to purchase one common share of the company at $0.80 to May 7, 2009. A finder's fee has been paid to Power One Capital Markets Limited in the form of cash of $63,000 and 105,000 warrants to purchase 105,000 common shares of the company at $0.80 until May 7, 2009. The proceeds will be used primarily for working capital with an allocation made towards an evaluation of the company's potash and salt resource in western Newfoundland. The financing is subject to final TSX Venture Exchange approval. TSX VENTURE:VUL Fri, 09 May 2008 10:53:00 EDT http://www.marketwire.com/mw/release.do?id=854548&sourceType=3 ST. CATHARINES, ONTARIO--(Marketwire - 9 mai 2008) - Le Niagara Folk Arts Festival de St. Catharines, rendez-vous présenté chaque année depuis quatre décennies, élargira sa programmation afin de célébrer son 40e anniversaire, grâce à un investissement du gouvernement du Canada. M. Rick Dykstra, député de St. Catharines, a annoncé aujourd'hui un appui financier au Niagara Folk Arts Festival, qui vise à promouvoir le multiculturalisme et le patrimoine culturel auprès des Canadiens. Il a fait cette annonce au nom de l'honorable Josée Verner, ministre du Patrimoine canadien, de la Condition féminine et des Langues officielles. Fri, 09 May 2008 10:30:00 EDT http://www.marketwire.com/mw/release.do?id=854547&sourceType=3 ST. CATHARINES, ONTARIO--(Marketwire - May 9, 2008) - The Niagara Folk Arts Festival, an annual event for four decades, will expand its programming this year to celebrate its 40th anniversary thanks to funding from the Government of Canada. Rick Dykstra, Member of Parliament (St. Catharines), on behalf of the Honourable Josee Verner, Minister of Canadian Heritage, Status of Women and Official Languages, today announced funding for the Niagara Folk Arts Festival, which is designed to promote multiculturalism and cultural heritage among Canadians. Fri, 09 May 2008 10:30:00 EDT http://www.marketwire.com/mw/release.do?id=854542&sourceType=3 CALGARY, ALBERTA--(Marketwire - May 9, 2008) - NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES. Reef Resources Ltd. ("Reef" or the "Company") (TSX VENTURE:REE) announces that it intends to complete a non-brokered private placement of up to 6,000,000 units of the Company ("Units") at an issue price of $0.10 per Unit for gross proceeds of up to $600,000 (the "Offering"). Each Unit will be comprised of one common share of the Company ("Common Share") and one half of one common share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.20 per share until the date that is twelve months from date of closing of the Offering. A finder's fee of cash equal to up to 10% of the gross proceeds of the Offering and a number of Warrants equal to up to 10% of the number of Units sold pursuant to the Offering may be paid to certain arm's length parties in connection with the Offering. Clo TSX VENTURE:REE Fri, 09 May 2008 10:25:00 EDT http://www.marketwire.com/mw/release.do?id=854520&sourceType=3 VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2008) - Abode Mortgage Holdings Corp. (TSX VENTURE:ABD) today issued a correction to its previously issued news release dated February 12, 2008, in which it was reported that the holders of $700,000 of convertible debentures that matured on February 4th, 2008 have purchased new two-year unsecured convertible notes under the private placement announced by Abode on January 14, 2008. In fact, the holders of such $700,000 of convertible debentures, as well as other investors who have put forward subscription agreements to invest a further $875,000, have only agreed to participate in the private placement, which has not closed. Abode is holding the $1,575,000 that such investors have committed as an interest-bearing loan pending closing of the private placement. Abode is also filing restated financial statements and the MD&A today to correct this disclosure. TSX VENTURE:ABD Fri, 09 May 2008 09:37:00 EDT http://www.marketwire.com/mw/release.do?id=854491&sourceType=3 STETTLER, ALBERTA--(Marketwire - 9 mai 2008) - Le député de Crowfoot, M. Kevin Sorenson, assistera au barbecue d'ouverture du Centre Service Canada pour jeunes (CSCJ) de Stettler. Les CSCJ permettent aux jeunes et aux employeurs d'établir des liens et leur fournissent des renseignements sur les programmes et les services du gouvernement du Canada, aidant ainsi les jeunes à trouver un emploi d'été et les employeurs, de la main-d'oeuvre. M. Sorenson et le personnel du Centre Service Canada pour jeunes seront disponibles pour une séance de photos et pourront répondre aux questions des médias après l'événement. Fri, 09 May 2008 09:00:00 EDT http://www.marketwire.com/mw/release.do?id=854489&sourceType=3 STETTLER, ALBERTA--(Marketwire - May 9, 2008) - Kevin Sorenson, Member of Parliament for Crowfoot, will attend the grand opening barbecue for the Service Canada Centre for Youth (SCCY) in Stettler. SCCYs link youth and employers and provide information on Government of Canada programs and services to help them with their summer employment needs. Mr. Sorenson and staff members from the Service Canada Centre for Youth will be available to answer questions from the media and for a photo opportunity following the event. Fri, 09 May 2008 09:00:00 EDT http://www.marketwire.com/mw/release.do?id=854469&sourceType=3 CALGARY, ALBERTA and PITTSBURGH, PENNSYLVANIA--(Marketwire - May 9, 2008) - Unbridled Energy Corporation (TSX VENTURE:UNE)(OTCBB:UNEFF)(FRANKFURT:O4U) (the "Company") is pleased to announce that it has closed its private placement financing described in its news release of May 1, 2008. The closing consisted of the private placement of a total of 19,964,350 units (the "Units") at a price of $0.30 per Unit and 5,435,300 flow-through shares (the "Flow-Through Shares") at a price of $0.33 per Flow-Through Share for gross proceeds of CDN$7,782,954 (the "Offering"). Each Unit comprises one common share and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant will be exercisable for a period of 18 months from the closing date to acquire one additional common share at a price of $0.45 per share. The net proceeds from the sale of flow-through common shares will be used to incur exploration and development expenses which qualify as CEE under the Income Tax Act (Canada) TSX VENTURE:UNE OTC Bulletin Board:UNEFF FRANKFURT:O4U Fri, 09 May 2008 08:30:00 EDT http://www.marketwire.com/mw/release.do?id=854396&sourceType=3 TORONTO, ONTARIO--(Marketwire - May 9, 2008) - InterOil Corporation (TSX:IOL)(AMEX:IOC)(POMSoX:IOC), a Canadian company with operations in Papua New Guinea, today announced the closing of the conversion with Pacific LNG, an affiliate of Clarion Finanz A.G. (collectively, "Clarion"), which was announced on May 6, 2008. As previously announced, InterOil issued common shares to Clarion at a conversion price of $22.65, issuing approximately 2.7 million common shares in exchange for the cancellation of Clarion's U.S.$60 million share of the existing $130 million credit facility. At closing, the principal amount outstanding under this credit facility was reduced to U.S.$70 million. TSX:IOL AMEX:IOC Fri, 09 May 2008 00:28:00 EDT http://www.marketwire.com/mw/release.do?id=854371&sourceType=3 VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Selwyn Resources Ltd. (TSX VENTURE:SWN) ("Selwyn" or the "Company") announces a non-brokered offering (the "Offering") of up to $4 million of Units and $1.5 million of Flow-through shares (the "Securities"). The Offering is scheduled to close on or before May 20, 2008. Each unit is priced at $0.21 per unit and consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of $0.27 for a period of two years from Closing of the Offering. Each Flow-through share is priced at $0.25 per share. TSX VENTURE:SWN Thu, 08 May 2008 20:18:00 EDT http://www.marketwire.com/mw/release.do?id=854357&sourceType=3 CALGARY, ALBERTA--(Marketwire - May 8, 2008) - CU Inc. announced today, together with its dealers BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and TD Securities Inc., that it has filed with the securities commissions in each of the provinces of Canada a Preliminary Base Shelf Prospectus to issue up to $1,500,000,000 of Debentures in tranches as required over the next 25 months. The proceeds will be used to fund utility capital expenditures, to repay existing indebtedness and for other general corporate purposes. TSX:CU TSX:CU.X TSX:CU.PR.A TSX:CU.PR.B Thu, 08 May 2008 19:17:00 EDT http://www.marketwire.com/mw/release.do?id=854208&sourceType=3 TORONTO, ONTARIO--(Marketwire - May 8, 2008) - Canadian Orebodies Inc. (the "Company") (TSX VENTURE:CO) is pleased to announce that it has completed a brokered private placement (the "Financing") for aggregate gross proceeds of $2,997,000 through the sale of 8,988,000 units of securities of the Company (each, a "Unit") at a price of $0.25 per Unit and 2,500,000 "flow-through" units of the Company (each, a "Flow-Through Unit") at a price of $0.30 per Unit. Pope & Company Limited, which acted as agent (the "Agent") was engaged to sell the Units and Flow-Through Units offered under the Financing on a best efforts basis. TSX VENTURE:CO Thu, 08 May 2008 15:23:00 EDT http://www.marketwire.com/mw/release.do?id=854207&sourceType=3 TORONTO, ONTARIO--(Marketwire - May 8, 2008) - Altus Group Income Fund ("Fund") (TSX:AIF.UN) today announced clarification amendments to the proposed Executive Compensation Plan outlined in the Fund's Management Information Circular, dated April 11, 2008. Voting will take place at the Fund's Annual and Special Meeting to be held on Monday, May 12, 2008. Proxies may be deposited to CIBC Mellon Trust Company up until 5:00 pm on May 8th, or with the Chair at the Meeting. The Fund is proposing that both the Unit Option Plan ("Option Plan") and the Deferred Performance Plan ("Performance Plan") be amended to clarify that (i) the Administrators of the plans be the Board or any committee of the Board made up of independent Trustees, and (ii) that Unitholder approval will be required in respect of any amendments that would allow the transfer or assignment of Options or Locked-up Securities other than for normal estate settlement purposes, or a change that would allow the participation of no TSX:AIF.UN Thu, 08 May 2008 15:22:00 EDT http://www.marketwire.com/mw/release.do?id=854183&sourceType=3 WINNIPEG, MANITOBA--(Marketwire - May 08, 2008) - Miraculins Inc. (TSX VENTURE:MOM), a biotechnology company dedicated to the discovery and development of diagnostic tools and therapeutic products for cancer, has closed its previously announced private placement (the "Offering") with aggregate gross proceeds to the Company of $625,064.70 from the sale of 4,167,098 units (the "Units") at a price of $0.15 per Unit. Each Unit is comprised of one common share of the Company (a "Share") and one-half of one Share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one Share at a price of $0.25 for a period of twelve months from the date of issuance of the Warrant. The net proceeds of the Offering shall be used for research and development and working capital purposes. The Shares and Warrants will be restricted from transfer for a period of four months and a day from the date hereof in accordance with applicable securities laws and the policies of the TS TSX VENTURE:MOM Thu, 08 May 2008 14:16:00 EDT http://www.marketwire.com/mw/release.do?id=854159&sourceType=3 EDMONTON, ALBERTA--(Marketwire - May 8, 2008) - Liberty Mines Inc. ("Liberty or the Corporation") (TSX:LBE) is pleased to announce that it has arranged a US$15,000,000 credit facility with Jilin Jien Nickel Industry Company Ltd. ("JJNICL") of China. The funds, which are prepayments for concentrate produced from the Redstone nickel concentrator, will be advanced in tranches. Each tranche will bear interest at 9.71% on the outstanding balance and is repayable within one year of the date of funding with concentrate shipped to JJNICL; similar to Liberty's previous arrangement with JJNICL in 2006. No securities of any kind are to be issued by Liberty in connection with the credit facility. TSX:LBE Thu, 08 May 2008 13:31:00 EDT http://www.marketwire.com/mw/release.do?id=854139&sourceType=3 YALE AND LILLOOET, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - Two rural communities in British Columbia will be able to enjoy local festivals and anniversaries, thanks to an investment from the Government of Canada. The Honourable Chuck Strahl, Minister of Indian Affairs and Northern Development, Federal Interlocutor for Metis and Non-Status Indians, and Member of Parliament (Chilliwack-Fraser Canyon), on behalf of the Honourable Josee Verner, Minister of Canadian Heritage, Status of Women and Official Languages, today announced $43,000 in funding for the Yale and District Historical Society (YDHS) and the Lillooet Music Society. Thu, 08 May 2008 13:00:00 EDT http://www.marketwire.com/mw/release.do?id=854138&sourceType=3 YALE ET LILLOOET, COLOMBIE-BRITANNIQUE--(Marketwire - 8 mai 2008) - Deux collectivités rurales de la Colombie-Britannique auront l'occasion de participer à des célébrations et des festivals locaux, grâce à un investissement du gouvernement du Canada. L'honorable Chuck Strahl, ministre des Affaires indiennes et du Nord canadien, interlocuteur fédéral auprès des Métis et des Indiens non inscrits et député de Chilliwack-Fraser Canyon, a annoncé aujourd'hui un appui totalisant 43 000 dollars à la Yale and District Historical Society et à la Lillooet Music Society. Il a fait cette annonce au nom de l'honorable Josée Verner, ministre du Patrimoine canadien, de la Condition féminine et des Langues officielles. Thu, 08 May 2008 13:00:00 EDT http://www.marketwire.com/mw/release.do?id=854136&sourceType=3 TORONTO, ONTARIO--(Marketwire - May 8, 2008) - IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) announced today it has entered into an agreement for the sale of its Peruvian development copper / gold project, La Arena, to Rio Alto Mining Limited ("Rio Alto") for US$47.55 million in cash and a 5.5% interest in Rio Alto. This transaction is expected to close in the coming months. "The sale of La Arena is part of the rationalization of IAMGOLD's non-core assets and we believe that Rio Alto will be successful in advancing the project to production," stated Joseph Conway, President & CEO. "The 5.5% ownership interest acquired as part of this transaction will provide IAMGOLD the opportunity to participate in the future success of La Arena. The proceeds from this transaction will build on the existing financial strength of IAMGOLD and will facilitate future growth and our goal to double gold production over the next five years." TSX:IMG NYSE:IAG BOTSWANA:IAMGOLD Thu, 08 May 2008 12:56:00 EDT http://www.marketwire.com/mw/release.do?id=853910&sourceType=3 TORONTO, ONTARIO--(Marketwire - May 8, 2008) - Altai Resources Inc. (TSX VENTURE:ATI)(IN U.S.A.:SEC. RULE 12g3-2(b) FILE # 82-2950) ("Altai" or "Company") is pleased to announce that it has closed a non-brokered private placement subject to the final approval of the TSX Venture Stock Exchange. The private placement of 2,000,000 common share units at a price of $0.95 per unit has been closed for gross proceeds of $1.9 million. 200,000 units were subscribed by a director of Altai and 200,000 units by a company that is controlled by that Altai director. Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at a price of $1.25 per share within a period of 12 months. TSX VENTURE:ATI Thu, 08 May 2008 08:45:00 EDT http://www.marketwire.com/mw/release.do?id=853908&sourceType=3 TORONTO, ONTARIO--(Marketwire - May 8, 2008) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Strategic Resource Acquisition Corporation (TSX:SRZ)(TSX:SRZ.NT)(TSX:SRZ.NT.A) ("SRA" or the "Company") today announced that it has closed the previously announced offering of units ("Units") via short-form prospectus. A total of 6,484,000 Units were subscribed for at a price of $2.00 per Unit, for total gross proceeds of $12,968,000. Each Unit is comprised of one common share and one half of one common share purchase warrant, each whole warrant exercisable into one common share at a price of $2.50 per share for 18 months. The Unit offering was co-led by agents Blackmont Capital Inc. and Haywood Securities Inc. (the "Agents"). The Company granted the Agents an over-allotment option exercisable for 30 days after closing to acquire up to an additiona TSX:SRZ TSX:SRZ.NT TSX:SRZ.NT.A Thu, 08 May 2008 08:43:00 EDT http://www.marketwire.com/mw/release.do?id=853776&sourceType=3 VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - Upper Canyon Minerals Corp. (the "Company") (TSX VENTURE:UCM) announces that it has closed a non-brokered private placement of 2,000,000 flow-through units at a price of $0.30 per unit for gross proceeds of $600,000.00 (the "Private Placement"). MineralFields Group of Ontario has purchased all the units under the Private Placement. Each unit consists of one flow-through common share (a "Share") and one-half of one warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one non flow-through Share (a "Warrant Share") at an exercise price of $0.45 per Warrant Share, at any time on or before May 1, 2010. The Shares and Warrant Shares are subject to a hold period expiring on September 2, 2008. TSX VENTURE:UCM Thu, 08 May 2008 04:00:00 EDT http://www.marketwire.com/mw/release.do?id=853729&sourceType=3 MISSISSAUGA, ONTARIO--(Marketwire - May 7, 2008) - NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA PIONEERING TECHNOLOGY INC. (the "Corporation") (TSX VENTURE:PIO) is pleased to announce that it has obtained a $300,000 loan financing (the "Loan") from McAllister Holdings Ltd. (the "Lender"). The purpose and business reasons for the Loan is to assist the Corporation with general working capital and product inventory requirements. The Loan must be repaid no later than six months from the date the Loan is granted. Interest is payable on the Loan at a rate of 10% per annum, calculated monthly. The Loan will be secured by a general security agreement over the assets of the Corporation. As additional consideration for the Loan, the Corporation will grant 1,200,000 common shares in the capital of the Corporation to the Lender subject to the receipt of approval from the TSX Venture Exchange. The common shares issued to the Lender will be subject to a hold period of four months. TSX VENTURE:PIO Wed, 07 May 2008 19:47:00 EDT http://www.marketwire.com/mw/release.do?id=853717&sourceType=3 EDMONTON, ALBERTA--(Marketwire - May 7, 2008) - Synodon Inc. ("the Corporation") (TSX VENTURE:SYD), announced today that it will undertake a non-brokered private placement whereby the Corporation intends to issue up to 2,750,000 units at a price of $0.55 per unit (the "Units") for gross proceeds of $1,512,500.00. The Units will be comprised of one Class A common share and one Class A common share purchase warrant (the "Warrants"). Each Warrant will entitle the holder to purchase one additional Class A common share of the Corporation at a price of $0.80 per share for a period of two years from the date of issue. The Warrants will have an accelerated exercise provision under which, if the volume weighted average closing price of the Shares, as traded on the Stock Exchange, equals or exceeds $1.05 per Share, then the warrants must be exercised or will expire 30 calendar days after notice of such event is mailed to the warrant-holders. TSX VENTURE:SYD Wed, 07 May 2008 19:18:00 EDT http://www.marketwire.com/mw/release.do?id=853688&sourceType=3 WINNIPEG, MANITOBA--(Marketwire - May 7, 2008) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) ("Wildcat" or the "Company") announces that the Company has closed the first tranche of its non-brokered private placement previously announced on April 25, 2008. A total of 2,415,000 non flow through units, and 500,000 flow-through shares were distributed pursuant to this first tranche for total proceeds of $291,500. The flow-through common shares ("Flow-Through Shares") are being issued at $0.10 per share, and the units ("Units") are being issued at $0.10 per Unit. Each Unit is comprised of one non-flow through common share and one warrant entitling the holder to purchase one additional common share for $0.20 for two years from the closing date. TSX VENTURE:WEL Wed, 07 May 2008 17:45:00 EDT http://www.marketwire.com/mw/release.do?id=853682&sourceType=3 GRIMSBY, ONTARIO--(Marketwire - May 7, 2008) - GOLDEN SUNSET TRAIL INC. ("Golden Sunset") (TSX VENTURE:GST) is pleased to announce that it has entered into an engagement agreement with Raymond James Ltd. (the "Agent") in connection with a proposed financing to be conducted by way of long form prospectus (the "Financing") for a minimum of $3 million and a maximum of $5 million in gross proceeds. The Financing will be comprised of units (the "Units") issued at a price of $0.25 per Unit. Each Unit will be comprised of one common share (a "Common Share") and one-half common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to acquire one Common Share at a price of $0.35 for a period of 18 months following closing of the Financing, subject to an accelerated expiry date on 21 days' notice should the Common Shares trade at an average of $0.50 or above for twenty consecutive trading days on the TSX Venture Exchange (the "Exchange"). Golden Sunset will also grant TSX VENTURE:GST Wed, 07 May 2008 17:23:00 EDT