Wavefire.com Inc.

October 31, 2007 11:50 ET

Related Party Advances Funds to Wavefire

CALGARY, ALBERTA--(Marketwire - Oct. 31, 2007) - Wavefire.com Inc. (NEX BOARD:WAF.A) (Wavefire) announced today that, further to its press release of October 16, 2007 the amount of approximately $172,000 has been advanced to WAF.A by one of its directors. The loan has no fixed terms of repayment and the director will be reimbursed for costs incurred in making the advance. The amount represents the prospect fee (plus GST) payable by WAF.A under its farm-in agreement announced on October 16, 2007.

Implementation of the debt settlement agreement and farm-in agreement remain subject to receipt of all required approvals.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Wavefire Technologies
    C.W. (Bill) Baker
    (403) 244-5340