New Service to Answer Questions Is Based on World’s Largest Index of Expertise
SAN FRANCISCO, CA–(Marketwire – Jun 1, 2010) – PeerPong, the largest index of imagination on the Web, now launched the beta chronicle of the service, aiming to let any one with a theme find the right chairman to answer it. The company, which has been building the PeerRank record for some-more than a year, is receiving a brand new proceed to responding questions, focused on anticipating the most appropriate chairman to answer any theme by going over amicable networks and village walls to daub any one with a open form on the Web. The consumer have use of is giveaway and any one can register to have use of it.
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PeerPong takes a sophisticated, multi-faceted proceed to find the most appropriate chairman to answer any theme promptly. With the patent-pending technology, PeerPong analyzes accessible report online to find what people have been unequivocally associating about and compare them with applicable questions. The have use of additionally creates it easy for any one to import in on either associating people have been experts. PeerPong doesn’t rely on friends of friends or feel-good motivations to broach a quick answer, or crowd-sourcing to find a “best” answer. Instead, PeerPong looks for the most appropriate chairman for a specific theme and empowers and incentivizes associating people in a accumulation of ways to inspire them to share their expertise.
PeerPong believes it’s all about the people at the back of the consultant believe — and which the bigger and broader the pool of experts, the some-more utilitarian PeerPong is to everyone. With the fast-growing PeerRank, a “page arrange for people” now multiform million strong, PeerPong takes caring of all the wily things to have it easy for any one with a theme to find the right chairman to answer it. Whether pledge (a mom who knows the ultimate toddler trends) or veteran (a sports tutor which specializes in rehabilitating chosen athletes), any one can be an consultant on PeerPong.
Currently, PeerPong facilities experts opposite fourteen vital categories, together with shopping, health, business, technology, autos, and beauty, as good as dozens of subcategories. The have use of uses open Twitter updates and users can secretly daub in to their Facebook network so which PeerPong can compare questions with the right people.
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About
PeerPong is the world’s largest index of expertise. The giveaway have use of creates it fun and easy to find the right chairman to answer any question. PeerPong’s PeerRank is all the time mending and growing, indexing people formed on their publicly demonstrated interest.
Learn some-more about PeerPong and the proceed to providing expert answers on the PeerPong blog at http://blog.peerpong.com/
First exFAT Solution for Embedded Linux Based on Microsoft Documentation
TAIPEI, TAIWAN–(Marketwire – Jun 1, 2010) – COMPUTEX — Tuxera, the heading engineer of Windows-compatible jot down systems for Linux, Mac, and alternative platforms, currently voiced the recover of Tuxera exFAT for Android and alternative Linux systems. Developed regulating technical await supposing by Microsoft Corp., Tuxera exFAT provides superb opening and stability, and meets the ultimate SDXC mental recall label standards.
“The wait for is over. I am anxious to discuss it everybody we right away have the world’s initial exFAT doing for Android. Thanks to the ultimate innovations and clever attribute with Microsoft, we can pledge blazingly quick opening for peep drives and appetite fit consumer electronics,” pronounced Mikko Välimäki, Tuxera CEO. “Tuxera’s exFAT for Android is not only the initial to market, but it is additionally built on a really unstable codebase which we will essay to have the de facto standard.
Tuxera is right away combining partnerships with heading hardware, device, and handling complement manufacturers to encounter the flourishing direct for high-definition video and alternative embedded applications.
“exFAT is a complicated jot down complement written to hoop really large files, and we have been gratified to await Tuxera’s growth of an exFAT jot down complement implementation,” pronounced David Kaefer, ubiquitous physical education instructor of Intellectual Property Licensing at Microsoft. “To yield required obvious rights, Microsoft will suggest a obvious agreement which companies can pointer if they have been office building a device which includes the Tuxera exFAT implementation.”
Tuxera is a part of of the SD Association where it functions together with exFAT host device and label manufacturers to capacitate a well-spoken passing from one to another from FAT to exFAT jot down complement jot down which rises the device and jot down distance boundary for SD cards. For example, with Tuxera exFAT brand new SDXC concordant inclination can jot down normal-length, full-HD videos.
Tuxera exFAT has been successfully tested on Android and alternative versions of Linux. To ask an analysis chronicle of the product, greatfully hit sales@tuxera.com. A consumer download chronicle will be expelled later.
About Tuxera
Tuxera is the heading provider of jot down systems which concede music, pictures, videos and alternative calm to be ported opposite devices. With Tuxera jot down systems inside, users knowledge block and fool around interoperability with their laptops, digital cameras, set-top-boxes, mobile phones, and alternative consumer electronics. Building on the success of open source, Tuxera’s industry-standard NTFS and exFAT solutions for Linux, Mac OS X, and alternative platforms have over thirty million installations. Close partnership with Microsoft ensures arguable harmony and helps Tuxera to set the customary in high-performance, low energy make use of for embedded and mobile solutions. Tuxera’s business embody heading hardware, software, and consumer wiring companies. For some-more info, greatfully go to http://www.tuxera.com/.
All product and association names herein might be trademarks of their purebred owners.
TORONTO, ONTARIO–(Marketwire – May 31, 2010) –
Editors Note: There is a print compared with this press release.
A cranky territory of Canadian multitude collected tonight in Toronto to show the await for a destiny but racism, loathing and intolerance. The 2,600 clever audience, which enclosed commercial operation leaders, educators, open officials, village groups and students, collected at the Spirit of Hope Benefit, an annual eventuality introduced in 2004 by Friends of Simon Wiesenthal Center (FSWC) to await the Center’s programs in toleration promotion, education, probity and tellurian rights. The eventuality featured an open contention with Elie Wiesel and Sir Salman Rushdie, dual conspicuous organisation who have gifted the darkest goods of hatred, injustice and intolerance.
“Simon Wiesenthal Center has been instrumental in pity critical lessons from the past to audiences around the world, and for this I am grateful,” pronounced Elie Wiesel. “I am gay to be here with you to knowledge in such an open sell on the thesis of goal – which changed present we all instruct to leave for the children.”
In line with the concentration on preparation and village outreach, FSWC invited some-more than 500 students from Toronto-area tall schools to knowledge in the singular experience.
“For a seventh true year, the Spirit of Hope Benefit has since us one some-more certainty in the capability to set up a improved destiny with the assistance of a committed organisation of supporters,” pronounced Rabbi Marvin Hier, vanguard and owner of Simon Wiesenthal Center.
The good is the first source of appropriation for FSWC and is approaching to lift a little dual million dollars this year. Programmes offering by FSWC embody tyro preparation and subsidies, Tools for Tolerance Programmes for Educators and Police officers, and Holocaust Remembrance initiatives. A finish list of programmes can be found in the About Us territory of www.fswc.ca.
“On a every day basement the group is out in the village reminding people which hatred and dogmatism have no place in society,” pronounced Avi Benlolo, boss and CEO of FSWC. “Thanks to the monetary await of caring donors, the programs will go on to develop good after the era passes the torch.”
According to FSWC leadership, an preparation which is formed on tolerance, concept oneness and apply oneself for tellurian grace is at the heart of the query for peace.
Persons meddlesome in assisting to account FSWC programs can do so by on vacation www.fswc.ca.
About Friends of Simon Wiesenthal Center for Holocaust Studies
Friends of Simon Wiesenthal Center for Holocaust Studies is a Canadian tellurian rights classification dedicated to fostering toleration and bargain by village involvement, tutorial overdo and amicable action. The Center now has over 25,000 members opposite Canada, and confronts critical à la mode issues together with racism, antisemitism, terrorism and genocide. Visit www.fswc.ca for some-more information.
To perspective the print concomitant this press release, greatfully revisit the following link: http://www.marketwire.com/library/20100531-fswc800.jpg
NORTH VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 31, 2010) – International Millennium Mining Corp. (the “Company”) (TSX VENTURE:IMI) (FRANKFURT:L9J) reports the 1st Quarter 2010 monetary statements and MD&A (the “Quarterly Report”) for the 1st Quarter finished Mar 31, 2010 (BC Form 51-102F1). Pursuant to the mandate of National Instrument 54-102, this headlines recover provides a outline of the report contained in the Quarterly Report.
| Summary of 1st Quarter Ended | |||||||||
| Cdn ($) | March 31, 2010 | March 31 2009 | Year to Date Fiscal 2010 | ||||||
| General and Administration Expenditures | $ | 89,483 | $ | 64,194 | $ | 89,483 | |||
| Stock Based Compensation | $ | - | $ | - | $ | - | |||
| Interest Income | $ | - | $ | 840 | $ | - | |||
| Net Loss | $ | (111,034 | ) | $ | (63,354 | ) | $ | (111,034 | ) |
| Net Loss per share | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) |
| As at | March 31, 2010 | December 31, 2009 | |||||||
| Deferred Mineral Property Expenditures | $ | 3,191,900 | $ | 2,879,562 | |||||
| Total Assets | $ | 3,968,121 | $ | 3,101,011 | |||||
| Total Liabilities | $ | 233,845 | $ | 283,473 | |||||
| Share Capital | $ | 11,621,759 | $ | 10,506,987 | |||||
| Common Shares Outstanding | 53,554,180 | 35,336,943 | |||||||
| Fully Diluted Shares Outstanding | 68,497,799 | 41,171,943 |
Summary Discussion
During the entertain finished Mar 31, 2010 the Company accessible a net detriment of $(111,034) as compared to $(63,354) during the entertain finale Mar 31, 2009. The initial reasons for the disproportion have been as follows:
During the quarter, the Company finalized dual in isolation placements by arising 18,217,237 units for sum deduction of $1,161,784. As a result, the Company has enough operative collateral to encounter all the obligations. The Company additionally separated roughly all skill payments and compulsory scrutiny expenditures to corner try partners with the disproportion of a $1,170 USD monthly remuneration compulsory for the Simon property. During mercantile 2009, the Company has separated or separated all poignant compulsory expenditures and skill payments with the Canadian Star transactions; the stability Mexico and Cobalt corner ventures; the stop of the Harrison Lake Property corner venture; and, the discontinuation of the Jason Property. The Company is in a on all sides whereby it can ensue with a programmed training module and can say the existent skill interests and account the money upsurge mandate for the subsequent twelve months. The Company has 12,133,618 warrants superb that, if exercised, would outcome in one more $1,238,362.
General and Administration losses increasing from $64,194 in the initial entertain of 2009 compared to $89,483 in the initial entertain of 2010. Accounting and authorised fees increasing during the entertain finished Mar 31, 2010, to $23,243 from $8,609, in the allied duration in mercantile 2009 mostly due to one more authorised fees depleted with apply oneself to the Simon Property. Administration costs, executive fees, and send representative filing fees remained consistent during the allied quarters. Salaries and rent losses decreased during the entertain due to a revised agreement with Cabo Drilling. Rent shortcoming decreased by $3,100 to nonexistence and income shortcoming decreased by $2,228 from $10,007 in the initial entertain of mercantile 2009, as compared to $7,779 in the initial entertain of mercantile 2010. Travel price increasing during the entertain from $207 in the initial entertain of mercantile 2009 to $1,020 in the initial entertain of mercantile 2010 due to transport costs incurred to comply the training module on the Simon Property.
The Company accessible a net detriment of $111,034 for the entertain finished Mar 31, 2010, as compared to a net detriment of $63,354 in the entertain finished Mar 31, 2009. The initial disproportion formula from write downs of apparatus properties accessible in during the initial entertain of mercantile 2010 as compared to the initial entertain of mercantile 2009.
Cash pot increasing to $650,483 at Mar 31, 2010 from $201,661 at Dec 31, 2009. The Company invests additional money in short-term seductiveness temperament investments. Its operative collateral on all sides has softened to $539,086 at Mar 31, 2010.
Management is focused on changed steel polymetallic projects in the Americas and is operative towards office building a strong, fast and good financed vegetable scrutiny and small mines mining company.
At Mar 31, 2009, the Company had a sum of 53,554,180 usual shares superb and 2,810,000 options and 12,133,619 warrants outstanding.
Concurrently with this headlines release, the Company is filing the 1st Quarter Report with the regulatory authorities by SEDAR (www.sedar.com) and has mailed it to shareholders who have requested copies and whose names crop up on the Company’s Supplemental List. A duplicate of the Quarterly Report is accessible on the SEDAR website, or will be mailed on request. Additional report about International Millennium Mining Corp. and the vegetable skill interests, together with technical reports, is accessible on the internet at the SEDAR website, namely www.sedar.com.
About International Millennium Mining Corp.
International Millennium Mining Corp. is a vegetable scrutiny and growth association intent in appropriation well known small mines world-wide and in the scrutiny of polymetallic vegetable properties in Canada and the Americas. To date, the Company has acquired and is exploring vegetable properties in British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging vegetable targets embody gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and gold organisation metals. The Company’s usual shares traffic on the TSX Venture Exchange underneath the symbol: IMI and on the Frankfurt Exchange underneath the symbol: L9J.
On Behalf of the Board,
John A. Versfelt, President & CEO
Further report about the Company can be found on SEDAR (www.sedar.com).
This headlines recover might enclose forward-looking statements together with but not singular to comments per the timing and calm of arriving work programs, geological interpretations, intensity vegetable liberation processes and alternative commercial operation exchange timing. Forward-looking statements residence destiny events and conditions and therefore, engage fundamental risks and uncertainties. Actual formula might talk about materially from those now expected in such statements.
Neither TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this release.
CALGARY, ALBERTA–(Marketwire – May 31, 2010) –
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
Petrodorado Energy Ltd. (“Petrodorado” or the “Company”) (TSX VENUTRE:PDQ) is gratified to make known the filing of the unaudited combined monetary formula for the duration finished Mar 31, 2010 which have been rebuilt in suitability with Canadian GAAP, together with the Management’s Discussion and Analysis. These papers have been accessible on the Company’s website at www.petrodorado.com and on SEDAR at www.SEDAR.com.
BUSINESS PROFILE AND STRATEGY
The Company is essentially vigilant in inorganic substance and healthy gas scrutiny and growth activities in Colombia, Peru and Paraguay. Petrodorado’s conduct bureau is located in Calgary, Alberta, Canada and the Company’s shares have been traded on the TSX Venture Exchange underneath the trade pitch PDQ.
Petrodorado was shaped to try for and rise inorganic substance resources in South America, with an primary concentration on Colombia, Peru and Paraguay. It’s rarely gifted supervision group have acquired a poignant portfolio of resources with 3 low-risk blocks (blocks have an oil discovery) and 4 intensity tall stroke blocks. The Company evaluated 44 blocks prior to selecting these last 8 blocks.
For the change of 2010, Petrodorado is formulation to cavalcade a smallest of 4 wells and take we estimate 1,500 kilometres of 2D seismic data. Each of these 4 wells will be drilled on existent blocks together with La Maye, Talora and Buganviles. The 1,500 kilometres of 2D seismic understand will await in the marker of up to 6 intensity good locations which have been programmed to be drilled in 2011.
Petrodorado’s vital priorities have been to:
Increase pot and prolongation by exploration;
Maintain a clever change piece by determining debt and handling collateral expenditures;
Control costs by fit supervision of operations;
Explore underdeveloped acreage to brand and emanate growth opportunities;
Maintain a clever concentration on employee, executive and village illness and safety; and
Manage environmental and amicable opening to minimize disastrous ecological impacts and safeguard one after another stakeholder support.
PETROLEUM AND NATURAL GAS PROPERTIES AND OUTLOOK
At present, Petrodorado has profitable appearance in 8 oil and gas blocks. A sum of twenty-three training prospects and thirteen training leads have been identified in these blocks with an altogether luck of success set at 15%.
Colombia
Moriche Block
In Jan 2010, Petrodorado sealed a decisive agreement with Pacific Rubiales Energy Corp. (“PRE”) for an amount 49.5% operative seductiveness in the Mauritia East Prospect in the Moriche Block. The Moriche Block consists of we estimate 6,229 hectares (approximately 15,392 acres) and is located in the Llanos dish of Colombia. In sell for this operative interest, Petrodorado committed to criticism 100% of the sum investment for the stream exploratory proviso for the block, next to to US$5.53 million.
During the initial entertain finished Mar 31, 2010, Petrodorado and PRE successfully finished a find good ME-1 as a Mirador writer on the Moriche retard at a cost of $5.5 million net to Petrodorado. The training of the ME-1 good completes Petrodorado’s joining to consequence the 49.5% operative seductiveness in the Moriche Block.
The ME-1 good tested at a rise rate of 693 bopd of fourteen grade API oil and is approaching to be scored equally in and on prolongation in Jun 2010. The training of one more prolongation well(s) in the same make up is being programmed by the Company and PRE utilizing the prolongation understand from the ME-1 find well. The one more well(s) have been approaching to be drilled in the second half of the year.
Buganviles Block
Petrodorado has a 49.5% operative seductiveness in the Buganviles Block located in the top Magdalena dish of Colombia performed by dual apart transactions. The Buganviles Block consists of we estimate 22,128 hectares (approximately 54,679 acres) and is located in the top Magdalena dish of Colombia.
In Feb 2010, Petrodorado performed a 20% amount operative seductiveness in the Buganviles Block by the squeeze of all of the released and superb shares of Holywell Resources S.A. (“Holywell”) from a in isolation businessman for the sum money squeeze cost of we estimate $6.3 million. Holywell is a in isolation (Panama incorporated) oil & gas association with operations in Colombia, South America. The name Holywell has been altered to Petrodorado South America S.A. (“Petrodorado SA”).
In addition, in Nov 2009, Petrodorado voiced it was the successful bidder with PRE (operator) to farm-in on the Buganviles Block to consequence a 29.5% operative interest. In sell for this operative seductiveness Petrodorado will criticism a sum investment of US$2.27 million which will be outlayed on the training of one brand brand new exploratory well.
The Company has identified 6 training prospects and 4 training leads on the Buganviles Block with a luck of success set at 28%. Final good locations have been currently being tangible in and with the operator, PRE. The initial scrutiny good is approaching to embark training in Jul 2010.
La Maye Block
Petrodorado has an amount 20% operative seductiveness in an scrutiny and prolongation stipulate with the Agencia Nacional de Hidrocarburos (“ANH”) in the La Maye Block and an amount 20% seductiveness in 4 turn-key exam wells and compared tie-in equipment. The La Maye Block is located in the Lower Magdalena Valley of Colombia and consists of we estimate 5,992 hectares (approximately 14,800 acres).
The Company has identified 3 one more training prospects on the La Maye Block with a luck of success set at 25%. Petrodorado (in and with the operator) drilled the Noelia-1 as the initial scrutiny oil good on the La Maye Block in Oct of 2009. A second scrutiny good is approaching to embark training in Jul of 2010. The initial scrutiny good will be tested in and with the contrast of the second well.
In 2009, Petrodorado paid $3.5 million in to an escrow criticism to infer the joining to the appearance agreement. Petrodorado authorizes draws from this criticism as sure growth milestones have been met. As at Mar 31, 2010, we estimate $2,400,000 had been drawn from this criticism withdrawal we estimate $1,100,000 in the escrow account. The user has additionally concluded to without delay criticism $653,000 of Petrodorado’s obligations for destiny scrutiny wake up on the La Maye Block which requisite is accounted for as a receivable on Petrodorado’s change sheet. The multiple of the escrow criticism and the user receivable ($1,800,397) is approaching to entirely criticism Petrodorado’s share of superfluous wells in the project.
Talora Block
Petrodorado is celebration to a appearance agreement with a in isolation Colombia formed association to consequence a 55% seductiveness in the Talora retard located in the Upper Magdalena dish of Colombia. The Talora retard consists of 65,972 hectares (approximately 163,000 acres) southwest of Bogota.
The Company acquired 122km of 2D seismic understand in Mar 2010 and seismic estimate and understand have been underway. Petrodorado has identified 4 training prospects and dual training leads on the Talora Block with a luck of success set at 18%. An scrutiny good targeting twenty-five to 35 grade API oil is programmed for Sep 2010.
Tacacho Block
In Jan 2010, Petrodorado acquired a 49.5% operative seductiveness in the Tacacho Block located in the Putumayo Basin of Colombia. The Tacacho retard measures we estimate 599,000 hectares (approximately 1,617,300 acres) and is located in the foreland dish of the Putumayo towering range, in the Eastern Cordillera of Colombia. PRE has a 50.5% operative seductiveness in the block. The twenty-four month-long scrutiny module includes the acquisition, estimate and understand of 480 kilometres of 2D seismic data. Initial sourroundings assessments have been underway for the seismic program. To date, Petrodorado has identified 6 training leads on the Talora Block and has set the luck of success at 13%.
Peru
In Feb 2010, Petrodorado sealed a decisive agreement with PRE to farm-in on dual scrutiny blocks in Peru. The operative interests in Blocks 135 and 138 have been theme to Peruvian supervision and/or regulatory approvals.
Block 135
Petrodorado has acquired a 45% operative seductiveness in Block 135 located in the Maranon Basin of Peru with a sum area of we estimate 926,000 hectares (approximately 2.5 million acres). In sell for this operative interest, Petrodorado will criticism 45% of the sum investment for the second exploratory proviso for the block. PRE will keep a 55% operative seductiveness in the block. To date, Petrodorado and PRE have identified dual training prospects on Block 135 and have set the luck of success at 12%.
Block 138
Petrodorado has acquired a 45% operative seductiveness in Block 138 located in the Ucayali Basin of Peru with a sum area of we estimate 370,000 hectares (approximately 1.0 million acres). In sell for this operative interest, Petrodorado will criticism 45% of the sum investment for the second exploratory proviso for the block. PRE will keep a 55% operative seductiveness in the block. To date, Petrodorado and PRE have identified 4 training prospects on Block 138 with a luck of success set at 10%.
Paraguay
Pirity Block
Through a non-binding minute of vigilant with a in isolation US formed association antiquated Sep 23, 2009, Petrodorado has the event to come to terms decisive agreements extenuation Petrodorado up to an amount 60% operative seductiveness in a benefaction stipulate with the Government of the Republic of Paraguay in the Pirity Block. The Pirity Block consists of we estimate 485,623 hectares (approximately 1,200,000 acres) and is located in the Western Region of Paraguay.
Based on accessible information, Petrodorado has identified 3 training prospects and one training lead on the Pirity Block. Petrodorado has set the luck of success at 15%. To date, the Company has not vigilant in any scrutiny wake up or incurred any costs on scrutiny or growth on the Pirity Block.
Cautionary Note Regarding Forward-Looking Statements
Except for the statements of chronological actuality contained herein, the report presented constitutes “forward-looking statements”. Such forward-looking statements, together with but not singular to uncertainties and alternative factors which might means the tangible results, opening or achievements of the Company to be materially opposite from any destiny results, opening or achievements voiced or pragmatic by such forward-looking statements. Although the Company has attempted to brand critical factors which could means tangible formula to talk about materially, there might be alternative factors which means formula not to be as anticipated, estimated or intended. There can be no declaration which such statements will infer to be accurate, as tangible formula and destiny events could talk about materially from those expected in such statements. Accordingly, readers have been cautioned which the arrogance used in the credentials of the forward-looking statements, nonetheless deliberate in accord with at the time of credentials might infer to be close and, as such unjustified faith should not be placed on forward-looking statements.
The forward-looking statements contained in this press recover have been done as of the date of this press release. Except as compulsory by law, the Company dissent any goal and pretence no requisite to refurbish or correct any forward-looking statements, either as a outcome of brand brand new information, destiny events or otherwise, solely as compulsory by germane bonds law. Additionally, the Company undertakes no requisite to criticism on the expectations of, or statements made, by third parties in apply oneself of the counts discussed above.
Neither TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this release.
NORTH VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 31, 2010) – Cabo Drilling Corp. (“Cabo” or the “Company”) (TSX VENTURE:CBE) now reported formula for the mercantile year 2010 third entertain finished Mar 31, 2010.
3RD QUARTER HIGHLIGHTS
| (CDN $000s, solely gain per share) | 3 months finale Mar 31/10 | 3 months finale Mar 31/09 | 9 months finale Mar 31/10 | 9 months finale Mar 31/09 | ||||
| Revenue | 6,505 | 6,522 | 20,829 | 34,964 | ||||
| Earnings (Loss) Before Interest, Taxes, Amortization, Stock Based Compensation and Other Items (EBITDA) | 153 | 102 | 1,471 | 4,043 | ||||
| Net Earnings (Loss) Before Taxes | (778 | ) | (765 | ) | (1,389 | ) | 1,435 | |
| Net Earnings (Loss) After Taxes | (777 | ) | (1,075 | ) | (1,390 | ) | 345 | |
| Earnings (Loss) per Share ($) (Basic and Diluted) Before Interest, Taxes, Amortization, Stock-based Compensation and Other Items (EBITDA) | 0.00 | 0.00 | 0.03 | 0.08 | ||||
| Earnings (Loss) per Share ($) (Basic and Diluted) | (0.02 | ) | (0.02 | ) | (0.03 | ) | 0.01 | |
| Cash from Operations* | 3 | (346 | ) | 1,120 | 2,399 | |||
| Gross Margin % | 25.0 | % | 27.0 | % | 27.6 | % | 26.2 | % |
| Working Capital (deficiency) | 5,778 | 7,243 | 5,778 | 7,243 |
*before changes in non-cash operative collateral items
The Company reports:
“Although revenues have decreased somewhat in the third entertain of mercantile 2010, the Company has not prolonged ago been awarded multiform large prolonged tenure contracts in the Ontario, Pacific, and Panama divisions,” settled John A. Versfelt, Cabo’s President & CEO. ”The third entertain is routinely one of the slowest buliding due to the marked down wake up given of anniversary conditions via Canada. At this time, the Company has drills handling in all handling regions. Drill function has augmenting in all divisions, with newly sealed contracts in Atlantic, Pacific, Mexico and European groups and a some-more estimable enlarge in the Ontario division. We design medium income expansion over the shift of the year.”
“General and administration department department costs have decreased during the 9 months finale Mar 31, 2010 by 17% compared to the allied duration in mercantile 2009,” remarkable Mr. Versfelt. ”This is a outcome of the income and income reductions, restructuring, and softened price controls. Management anticipates one some-more efficiencies by the make use of of record and we should see ubiquitous and administration department department costs in the operation of $5.6 million to $5.8 million for mercantile year 2010.”
“Gross margins showed a diminution for the third entertain of mercantile 2010 to 25.0% compared to 28.5% in the 2nd entertain of mercantile 2010 and 27.0% in the third entertain of mercantile 2009,” settled John A. Versfelt. ”The diminution in domain is a outcome of poignant proceed up costs incurred to hope for for the open and summer 2010 training season. Management expects sum margins to urge to the 27-29% operation during the shift of mercantile 2010.”
“The Company available a net after taxation detriment of $776,683 during the 3rd entertain of mercantile 2010 or $0.02 detriment per share compared to a detriment of $1,074,666 or $0.02 detriment per share in the 3rd entertain of mercantile 2009,” remarkable John A. Versfelt. ”Our third entertain is a 28% alleviation over the same entertain in mercantile 2009. EBITDA augmenting to $153,175 during the third entertain of mercantile 2010, compared to $101,828 in the prior analogous period.”
“At this time training companies have been experiencing the rival fist that can be approaching when approach is ramping up after a poignant downturn,” remarked John A. Versfelt. ”The commercial operation have been awaiting reduce prices, but the work force is pulling for aloft wages; however, the function of drills is augmenting and training companies have been rebate peaceful to suggest reduce cavalcade rates, that in spin is relieving the vigour on margins going in to the Summer and Fall, 2010.”
Third entertain finished Mar 31, 2010
Revenue for the entertain finale Mar 31, 2010 decreased marginally by $16,404 to $6.51 million, compared to $6.52 million in the third entertain of mercantile 2009; and decreased by 18% from $7.98 million available in the second entertain mercantile 2010. The initial reason for the diminution is normal anniversary slack during tools of Canada ensuing in reduce revenues. Revenues from the Canadian and United States groups augmenting by 116% and the alternative groups decreased by 63%. The Company had drills handling in all Canadian and general groups during the quarter. Overall cavalcade function decreased from the prior entertain and still stays reduce than 40%.
Revenues decreased by 19% to $6.51 million in the third entertain of mercantile 2010, as compared to the $7.98 million available in the second entertain of mercantile 2010. There was no poignant shift in training wake up in Ontario, Panama, and Europe groups but there was a diminution in the Atlantic and Mexico groups during the third entertain of mercantile 2010, as compared to the second entertain of mercantile 2010. The Atlantic multiplication finished a poignant geotechnical training plan in the second entertain of mercantile 2010.
Surface training revenues augmenting 11% from $4.65 million in the third entertain of mercantile 2009 as compared to $5.14 million available during the third entertain of mercantile 2010. This compares to a diminution of 48% in subterraneous wake up from $3.05 million in the second entertain of mercantile 2009 as compared to $1.59 million in the allied duration in mercantile 2010.
Direct costs for the entertain finished Mar 31, 2010 were $4.88 million compared to $4.76 million in the third entertain of mercantile 2009. The enlarge is a outcome of the decreased sum domain during the quarter. Gross margins for the entertain finished Mar 31, 2010 were 25% compared to 27% during the third entertain of mercantile 2009 and 29% during the second entertain of mercantile 2010. The diminution in domain is a outcome of poignant proceed up costs incurred to hope for for the open and summer 2010 training deteriorate and augmenting cavalcade organisation wages. Management expects sum margins to urge to the 27-29% operation during the shift of mercantile 2010.
General and executive losses decreased by we estimate 11.8% or $193,124, from $1.63 million in the third entertain of mercantile 2009 to $1.44 million the third entertain of mercantile 2010. The initial reason for the diminution is a rebate in salaries and income to $701,469 in the third entertain of mercantile 2010 as compared to $895,321 available in the third entertain of mercantile 2009, due to the corporate restructuring and income rebate that occurred in early mercantile 2009. There were alternative poignant reductions in selling and transport costs during the third entertain of mercantile 2010.
Amortization of property, plant and apparatus for the entertain finale Dec 31, 2009 augmenting by $54,102 to $845,145 during the third entertain of mercantile 2010 as compared to $791,043 in the third entertain of mercantile 2009. The reason for the enlarge continues to be the amortization associated to the merger of $4.84 million of collateral resources during mercantile 2009.
Net detriment for the third entertain of mercantile 2010 was $776,683 compared to a net detriment of $1.07 million in the third entertain of mercantile 2009. A net alleviation of $293,320.
The Company’s income (cash and income equivalents) on all sides at Mar 31, 2010, is $377,116 compared to $455,006 at Jun 30, 2009.
Accounts receivable decreased by $1.21 million or 20% to $4.96 million at Mar 31, 2010 from $6.17 million at Jun 30, 2009.
Property plant & apparatus decreased to $13.41 million at Mar 31, 2010 from $15.33 million at Jun 30, 2009, a diminution of $1.92 million during the initial 9 months of mercantile 2010. The diminution is a approach outcome of the aloft debasement shortcoming available during the entertain due to $4.84 million in brand new property, plant and apparatus acquired mercantile 2009.
Cash upsurge from operations (before changes in non-cash handling operative collateral items) was $3,456 during the 3rd entertain of mercantile 2010, compared to $(345,533) in the 3rd entertain of mercantile 2009.
Consolidated Financial Results for 9 months finale Mar 31, 2010
Revenue for the 9 months finale Mar 31, 2010 decreased we estimate 40% to $20.83 million, compared to $34.96 million in the allied duration in mercantile 2009. All regions were influenced by the mercantile slack with revenues from the general groups dwindling by 61% to $5.26 million and the Canadian groups dwindling by 28%. International groups go on to paint a poignant partial of the operations with 26% of revenues from the general divisions, but this is down from the 38% in the allied duration final year.
Direct costs for the 9 months finished Mar 31, 2010 were $15.08 million compared to $25.80 million in the allied duration in mercantile 2009. Gross margins for the 9 months finished Mar 31, 2010 were 27.6% compared to 26.0% during the 9 months finished Mar 31, 2009. Management expects margins to be in the operation of 27-29% for the shift of mercantile 2010 due to augmenting competitions of Canadian training contractors with additional cavalcade supply.
General and executive losses decreased by we estimate 17.2% or $883,795 from $5.13 million in the initial 9 months of mercantile 2009 to $4.24 million in the initial 9 months of mercantile 2010. Decreased costs can be attributed to a 23% diminution in income in salaries and income during the initial 9 months. This diminution is a outcome of the staff reductions and income reductions implemented in the third entertain of mercantile 2009. There were alternative reductions in losses due to the restructuring; transport losses decreased by 26% to $198,697 in mercantile 2010 as compared to $270,718 in mercantile 2009 and word costs augmenting by 16% to $391,983 due to aloft unfamiliar workers compensation.
Net detriment for the initial 9 months of mercantile 2010 was $1.39 million compared to net gain of $345,237 warranted in the allied duration of mercantile 2009.
According to a Mar – Apr 2010 Metals Economics Group (MEG), the series of poignant financings voiced by youth and middle companies augmenting 14% in the final duration to 129, whilst the volume of income lifted roughly doubled to $3.4 billion, returning to the levels of the second half of 2009 after a pointy dump at the commencement of 2010. For the initial time given May 2009, bottom metals financings in Apr accounted for only over half of the monthly sum raised, and bimonthly sum volume lifted in bottom metals financings in Mar – Apr 2010 is at the top volume given the MEG consult proceed May – Jun 2008. Both the suit and volume lifted by debt additionally augmenting significantly in Mar – Apr 2010. These financings will go on to put vigour on augmenting approach for scrutiny activities and, therefore, training activity. The long-expected spike in acquisitions wake up might be underneath way, as the series of acquisitions (which have been not enclosed in the PAI calculation) for the ultimate bimonthly duration augmenting some-more than 40% over the prior dual months and some-more than 140% from the risk-adverse year-ago period.
In sequence to urge on profitability in this sourroundings of mending approach and some-more fast commodity prices, we will say the price carry out industry and keep a parsimonious hold on expenditures, whilst at the same time progressing the gifted workforce, enforcing the tall reserve standards, and superfluous focused on tall worker and patron relations.
Cabo Drilling Corp. is a training services association headquartered in North Vancouver, British Columbia, Canada. The Company provides mining associated and featured item training services by the Canadian groups in Surrey, British Columbia; Montréal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as good as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; Cabo Drilling Spain S.L. of Sevilla, Spain; Balkan States Drilling SH.P.K. of Tirana, Albania; and Cabo Drilling (International) Inc. The Company’s usual shares traffic on the Frankfurt Exchange underneath the symbol: DHL and on the TSX Venture Exchange underneath the symbol: CBE.
ON BEHALF OF THE BOARD
”John A. Versfelt”
John A. Versfelt
Chairman, President and CEO
Further report about the Company can be found on the Cabo website (http://www.cabo.ca) and SEDAR (www.sedar.com).
This headlines recover might enclose forward-looking statements together with but not singular to comments per the timing and calm of arriving work programs, geological interpretations, intensity vegetable liberation processes and alternative commercial operation exchange timing. Forward-looking statements residence destiny events and conditions and therefore, engage fundamental risks and uncertainties. Actual formula might talk about materially from those now expected in such statements.
The TSX Venture Exchange does not accept shortcoming for the endowment or correctness of this release.
CALGARY, ALBERTA–(Marketwire – May 31, 2010) – Richard Ball, Chief Executive Officer of Baden Technologies Inc. (TSX VENTURE:BDZ), is gratified to make known monetary formula for the 3 months finished Mar 31, 2010.
The initial entertain of 2010 saw a diminution in income ($735,437 – 2010; $1,313,536 – 2009). Revenue in both the Canadian and Russian segments was down 45% and 37%, respectively, with customers’ one after another hostility to dedicate to large contracts underneath stream mercantile conditions. However, pursuant to the normal hold up cycle of the existent Brine Plants the Company anticipates one after another direct for refurbishment tools and services ensuing from successive operation of the high seas plants made by the Company, of that there have been now twenty-one in operation in West Siberia.
More in-depth research of monetary formula is contained inside of the company’s Management Discussion and Analysis, accessible on SEDAR.
Through the unconditionally owned auxiliary FSI International Services Ltd., Baden Technologies Inc. is a Calgary-based production and use association specializing in customized filtration, filtration- associated technologies and Brine Plants for the general and made at home appetite and containing alkali industries.
This press recover contains forward-looking statements theme to assorted risk factors and uncertainties, that might means the tangible results, performances or achievements of Baden to be materially opposite from any destiny results, performances or achievements voiced or pragmatic by such forward-looking statements. Such factors include, but have been not singular to, fluctuations in the marketplace for oil and gas and associated products and services, domestic and mercantile conditions, the direct for services supposing by Baden, attention foe and Baden’s capability to capture and keep both business and key personnel.
The TSX Venture Exchange has not reviewed and does not accept shortcoming for the endowment or correctness of this release.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 31, 2010) – MBMI RESOURCES INC. (“MBMI” or the “Company”) (TSX VENTURE:MBR) reports which it has finished and filed the 2010 audited Financial Statements and the Management Discussion and Analysis for the analogous year finished Jan 31, 2010. The Company available a extensive detriment for the year finished Jan 31, 2010 of $2,224,880 ($0.02 per share), compared with $7,842,450 ($0.10 per share) for 2009.
The diminution in extensive detriment is often due to rationalisation of administration, plan consulting and communications. Head bureau government supposed a 50% rebate in arrangement and a rebate in growth activities, transport costs and reduce batch formed remuneration contributed to this decrease. Costs compared with vegetable scrutiny and acquisitions decreased year over year due to the rebate of scrutiny activities on the Alpha property. Development activities were kept to a smallest as the Company awaited the accede to of an FTAA assent on this property.
Included in the 2010 year-end audited monetary statements, the Company restated the combined change piece as at Jan 31, 2009 to reclassify sure property, plant and apparatus of $1,527,417, formerly enclosed in vegetable properties and paid in instalments scrutiny costs. As the amortization of these resources is capitalized to vegetable properties and paid in instalments scrutiny costs, the reclassification did not outcome in any changes to the combined statements of operations and extensive detriment and shareholders’ equity for the years finished Jan 31, 2010 and 2009.
Full monetary formula might be found at www.sedar.com or the Company’s website.
Corporate Profile
MBMI Resources Inc. is a Canadian-based mining association focused on the scrutiny and growth of nickel vegetable properties in the Philippines. MBMI and the Philippine partners have an seductiveness in 9 nickel laterite projects in the Philippines, covering an area larger than 22,000 hectares. MBMI’s design is to turn a vital retailer of high-grade nickel products to first industrial consumers in Asia.
ON BEHALF OF THE BOARD OF DIRECTORS
“Michael T. Mason”
President and Director
This headlines recover might enclose forward-looking report together with but not singular to comments per the timing and calm of arriving financings, work programs, geological interpretations, taking of skill titles, intensity vegetable liberation processes, etc. Forward-looking report includes avowal per probable destiny events, or conditions or formula of operations which is formed on assumptions about destiny mercantile conditions and courses of action, and therefore, involves fundamental risks and uncertainties. Although government has a in accord with basement for the conclusions drawn, tangible formula might talk about materially from those now expected in such statements.
Neither the TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this release.
CALGARY, ALBERTA–(Marketwire – May 31, 2010) – Americas Petrogas Inc. (“Americas Petrogas” or the “Company“) (TSX VENTURE:BOE) was successful during the initial entertain of 2010 at producing and offered oil, and shutting $16 million (gross) of equity financing. As well, the Company sealed an agreement to farm-in to a 25% seductiveness in the Vaca Mahuida retard located in tighten vicinity to the Company’s producing property, Medanito Sur, which has identical geological characteristics. Drilling on Vaca Mahuida began shortly after signing the agreement and, successive to Mar 31, 2010, the Company perceived loan financing from a corner try attention partner on the project. The training which began in Feb was the begin of a vital collateral output program, formerly voiced by the Company, whereby the Company intends to cavalcade a smallest of fifteen wells and finish dual seismic programs on the assorted oil and gas properties. As well, the Company, by the subsidiary, GrowMax Agri Corp., continues to allege on the Bayovar, Peru plan in the areas of drilling, environmental and pre-feasibility study. GrowMax continues to work towards the idea of building a potash and featured object fertilizers project.
Highlights
Financial Results
Copies of the Company’s combined monetary statements and the compared Management’s Discussion and Analysis (“MD&A”) for the entertain have been filed underneath the Company’s form at www.sedar.com. All amounts have been in Canadian dollars unless differently stated.
| March 31 | ||||
| For the 3 months ended | ||||
| 2010 | 2009 | |||
| Revenues (including interest) | $ | 365,139 | $ | 21,016 |
| Net Loss | $ | 1,078,618 | $ | 1,501,570 |
| Loss per share, simple & diluted | $ | 0.010 | $ | 0.016 |
| Cash flows used in operations | $ | 1,172,456 | $ | 752,524 |
| Capital expenditures | $ | 2,019,995 | $ | 1,326,886 |
| March 31, 2010 | December 31, 2009 | |||
| Cash and money equivalents | $ | 26,460,253 | $ | 14,483,513 |
| Total stream assets | $ | 27,364,523 | $ | 14,614,491 |
| Total assets | $ | 67,682,590 | $ | 52,856,802 |
| Total stream liabilities | $ | 3,977,998 | $ | 1,637,750 |
| Long-term debt | Zero | Zero | ||
| Total shareholders’ equity | $ | 62,013,652 | $ | 49,614,126 |
The Company done the initial ever sales of oil in the initial entertain of 2010, stating sum revenues of $456,870 and net revenues, after deducting royalties and turnover taxes, of $357,267. The Company reported a net detriment of $1,078,618 or $0.010 per share for the 3 months finished Mar 31, 2010 compared to a net detriment of $1,501,570 or $0.016 per share for the same duration in 2009. The diminution in net detriment can be essentially attributed to: (a) the start-up of prolongation on Medanito Sur in 2010, which generated net income (gross income reduction royalties and turnover taxes) of we estimate $357,000 and sum distinction of we estimate $188,000; (b) an accounting benefit in 2010 of $362,605 which resulted from the distribution by GrowMax of one some-more usual shares to an outmost financier in Feb 2010; (c) a unfamiliar sell benefit of $51,886 in 2010 compared to a unfamiliar sell detriment of $131,325 in 2009; (d) a one-time responsibility in 2009 for the prolongation of the expiry date of shareholder warrants; equivalent by (d) aloft depletion, debasement and summation of $291,487; (e) aloft ubiquitous and executive waste of $357,735; and (f) aloft stock-based remuneration responsibility of $132,447. In general, the Company anticipates which prolongation will grow in successive buliding formed on skeleton for one some-more drilling. Accordingly, the Company expects revenues and sum enlarge to enlarge and expects quarterly net waste to diminution in the foreseeable future.
It should be remarkable which the brand brand new diminution in ubiquitous oil prices from the midst $80 operation to the low $70 operation has not impacted the Company’s satisfied done at home cost for the oil since of the product pricing system of administration in Argentina. For serve information, impute to the Company’s MD&A.
From a money upsurge perspective, during the 3 months finished Mar 31, 2010, the Company used $1.2 million in handling activities, compared to $0.8 million in 2009. The enlarge in 2010 was essentially due to the enlarge in ubiquitous and executive expenses. Despite the aloft executive costs, the Company expects handling money flows to urge in the foreseeable buliding as prolongation levels increase. With apply oneself to investing activities, the Company outlayed we estimate $2.0 million on skill and apparatus in 2010, which is we estimate $700,000 some-more than in 2009. The enlarge compared essentially to the Company’s farm-in costs compared with Vaca Mahuida and one some-more scrutiny activities at Bayovar. The alternative vital money upsurge object relating to investing activities was the influx of US$500,000 (Cdn$536,250) of deduction attributable to the distribution of usual shares by GrowMax to the Indian Famers Fertiliser Co-operative (“IFFCO”), an outmost investor. In the foreseeable future, the Company expects to squander many some-more on scrutiny and expansion investing activities for the change of 2010. In apply oneself of financing activities, the Company perceived money relating to the execution of dual equity in isolation placements and the practice of a little previously-issued warrants, raising an total of we estimate $15.5 million, net of financing costs, for the 3 months finished Mar 31, 2010.
The Company’s change piece at Mar 31, 2010, compared to Dec 31, 2009, shows aloft money balances, which reflects the raising of equity financing in both Americas Petrogas and GrowMax during the quarter. A integrate of brand brand new apparatus in stream resources have been comment receivable and register compared to the start-up of operations on Medanito Sur. The Company’s reported skill and apparatus has increasing especially as a outcome of one some-more scrutiny activities on Vaca Mahuida and Bayovar. The enlarge was reduction than the tangible costs incurred since of the strengthening of the Canadian dollar (reporting currency) compared to the U.S. dollar and the Argentinean Peso (functional currencies). The enlarge in accounts on credit and accrued liabilities was compared essentially to scrutiny costs incurred on Vaca Mahuida and prolongation costs on Medanito Sur which were delinquent as of Mar 31, 2010. Shareholders’ equity has increasing especially since of the execution of dual in isolation placements in Mar 2010 for sum deduction of we estimate $16 million.
About Americas Petrogas Inc.
Americas Petrogas Inc. is a Canadian association whose shares traffic on the TSX Venture Exchange underneath the pitch “BOE”. The Company has oil and gas exploration, expansion and prolongation activities and binds over 1,808,000 acres of land in Argentina’s many inclusive Neuquen Basin. In Peru, by GrowMax, a auxiliary of Americas Petrogas, the Company is building a aspect potash (and alternative minerals) high seas fountainhead and evaporite deposition at Bayovar in the Sechura Desert of Northwest Peru. Management, along with the partner/investor IFFCO, intends to set up GrowMax in to a potash and featured object fertilizers company.
This press recover contains forward‐looking report including, but not singular to the programmed training of a smallest of fifteen wells and execution of dual seismic programs in 2010 budgeted at we estimate $25 million, approaching farm-in to the Vaca Mahuida block, approaching drilling, environmental and pre-feasibility research on Bayovar, approaching expansion of a potash and featured object fertilizers plan at Bayovar, approaching enlarge in prolongation of oil, approaching enlarge in revenues, approaching diminution in net losses, and approaching alleviation in handling money flows. Additional forward‐looking report is contained in the Company’s Management’s Discussion and Analysis for this entertain and the Company’s Annual Management’s Discussion and Analysis for Dec 31, 2009, and anxiety should be done to the one some-more disclosures of the assumptions and risks and uncertainties relating to such forward‐looking report in those Management’s Discussion and Analysis documents.
Forward‐looking report is formed on management’s expectations per the Company’s destiny growth, formula of operations, production, destiny collateral and alternative expenditures (including the amount, inlet and sources of appropriation thereof), rival advantages, skeleton for and formula of training activity, environmental matters, commercial operation prospects and opportunities and expectations with apply oneself to ubiquitous mercantile conditions. Such forward‐looking report reflects management’s stream ideology and assumptions and is formed on report now accessible to management. Forward‐looking report involves poignant well known and different risks and uncertainties. A series of factors could means tangible results, opening or achievements to talk about materially from any destiny results, opening or achievements voiced or pragmatic by the forward‐looking information, together with but not singular to, risks compared with the oil and gas attention (e.g. operational risks in development, scrutiny and production, delays or changes to skeleton with apply oneself to scrutiny or expansion projects or collateral expenditures; the doubt of haven estimates; the doubt of geological interpretations; the doubt of estimates and projections in propinquity to production, costs and waste and health, reserve and sourroundings risks), the risk of commodity cost and unfamiliar sell rate fluctuations, the doubt compared with negotiating with unfamiliar governments and third parties located in unfamiliar jurisdictions and the risk compared with ubiquitous activity.
Although the forward‐looking report contained herein is formed on assumptions which government believes to be reasonable, the Company cannot assure investors which tangible formula will be unchanging with this forward-looking information. This forward‐looking report is done as of the date hereof and the Company assumes no requisite to refurbish or correct this report to simulate brand brand new events or circumstances, solely as compulsory by law. Because of the risks, uncertainties and assumptions fundamental in forward‐looking information, impending investors in the Company’s bonds should not place unjustified faith on this forward‐looking information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.