Mr Mark Saxon, President & CEO, announces the closing of the first tranche of its non-brokered private placement financing announced on October 29, 2010 (the "Financing"). Pursuant to the closing, the Company has issued 3,333,334 units at a price of $1.50 per unit for total gross proceeds of $5,000,000. Each unit consists of one common share and one-half share purchase warrant. Each whole warrant entitles holders
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