The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 6, 2004.
Convertible debenture: $659,000
Conversion price: Convertible into common shares at 20 cents of principal outstanding in year one, at 22 cents in year two and at 25 cents in year three
Maturity date: April 8, 2007
Interest rate: 10 per cent
Placees: 12 placees with no insider or pro group participation