TSX Venture Exchange - Daily Bulletins

TSX Venture Exchange - Daily Bulletins

July 20, 2005 17:49 ET

TSX Venture Exchange Daily Bulletins for July 20, 2005

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 20, 2005) -



TSX VENTURE COMPANIES

ALDERSHOT RESOURCES LTD. ("ALZ")
BULLETIN TYPE: Property-Asset Amending Agreements
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

Further to the bulletin dated May 30, 2005 with respect to two
Option Agreements dated May 13, 2005 between the Company and Robert
Rosenblat in connection with the Haliwell group of mineral claims
and the Pool group of mineral claims that are located in Quebec, TSX
Venture Exchange has accepted for filing two Amendment No. 1 Option
Agreements whereby the consideration payable in common shares
(500,000 common shares and 750,000 common shares respectively) have
been accelerated to being payable in tranches over four years as
oppose to five years. The balance of the consideration remains
unchanged.
---------------------------------------------------------------------

BIRCHCLIFF ENERGY LTD. ("BIR")
BULLETIN TYPE: Graduation
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has been advised that the Company's shares will
be listed and commence trading on Toronto Stock Exchange at the
opening on Thursday, July 21, 2005, under the symbol 'BIR'.

As a result of this Graduation, there will be no further trading
under the symbol 'BIR' on TSX Venture Exchange after Wednesday, July
20, 2005, and its shares will be delisted from TSX Venture Exchange
at the commencement of trading on Toronto Stock Exchange.
---------------------------------------------------------------------

BITTERROOT RESOURCES LTD. ("BTT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced June 22, 2005:

Number of Shares: 2,078,168 flow-through shares
1,000,000 common shares

Purchase Price: $0.30 per flow-through share
$0.25 per common share

Warrants: 500,000 share purchase warrants to
purchase 500,000 shares

Warrant Exercise Price: $0.40 for a one year period

Number of Placees: 38 placees

Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / # of Shares

Sean Fahy P 40,000 F/T
Thomas W. Seltzer P 25,000 F/T
519471 B.C. Ltd.
(Thomas W. Seltzer) P 25,000 F/T
Brian K. Shaw P 50,000 F/T
Terence S. Ortslan Y 40,000 Com
C. Channing Buckland P 120,000 Com
Don Poirier P 16,500 F/T
Richard Cohen P 75,000 F/T
Robert Sali P 130,000 F/T
Michael Carr Y 100,000 F/T
M. S. Carr & Associates Ltd. Y 39,000 Com

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly. Note that in certain
circumstances the Exchange may later extend the expiry date of the
warrants, if they are less than the maximum permitted term.
---------------------------------------------------------------------

CHANNEL RESOURCES LTD. ("CHU")
BULLETIN TYPE: Property-Asset Acquisition
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation
pertaining to an Option Agreement (the 'Agreement') dated June 6,
2005 between Channel Resources Ltd. (the 'Company') and Minera
Cachabi C. Ltda. Pursuant to the Agreement, the Company has the
right to acquire up to a 70% interest in the El Mozo Project, a gold
resource property for development located in Ecuador. In order to
earn a 60% interest, the Company must pay US$100,000, issue
1,000,000 common shares, and incur a minimum of US$1,000,000 per
year on exploration and development expenditures up to and including
the preparation of a bankable feasibility study. The Company may
earn an additional 10% interest by providing production financing.
For further details, please refer to the Company's press release
dated June 7, 2005.
---------------------------------------------------------------------

COPPER FOX METALS INC. ("CUU")
(formerly Copper Fox Metals Inc. ("COF.P"))
BULLETIN TYPE: Qualifying Transaction-Completed, Private Placement-
Non-Brokered, Symbol Change
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's
Qualifying Transaction described in its Information Circular dated
March 29, 2005. As a result, at the opening on Thursday, July 21,
2005, the Company will no longer be considered a Capital Pool
Company. The Qualifying Transaction includes the following:

Qualifying Transaction

Pursuant to a non-arm's length transaction, the Company acquired all
of the issued and outstanding shares of 955528 Alberta Ltd., in
exchange for the issuance of 13,317,700 common shares of the Company
at a deemed price of $0.20 per share and 2,663,540 warrants to
acquire 2,663,540 shares at an exercise price of $0.50 per share for
a period of two years. The Company and 955528 Alberta Ltd. have
amalgamated and will continue as Copper Fox Metals Inc.

955528 Alberta Ltd. is a mining exploration company that holds an
option to acquire a maximum of 93.4% direct and indirect interest in
a copper property in British Columbia known as 'Shaft Creek'.

8,112,200 common shares issued pursuant to the Qualifying
Transaction are subject to a TSXV Tier 2 Value Security Escrow
Agreement to be released over a 36-month period. 2,055,000 common
shares are subject to a CPC Escrow Agreement dated June 18, 2004 to
be released over a 36-month period upon completion of the Qualifying
Transaction.

Insider / Pro Group Participation:

Insider equals Y /
Name ProGroup equals P / # of Shares

Charles F. Agar Y 605,000
J. Michael Smith Y 687,500
Guillermo Salazar Y 4,034,800
Darren Fach Y 110,000

The Company is classified as a 'Mining' company.

Private Placement-Non-Brokered

TSX Venture Exchange has accepted for filing documentation with
respect to a Non Brokered Private Placement announced on September
8, 2004 and March 1, 2005:

Number of Shares: 4,110,000 Flow Through Shares and
1,725,000 non Flow Through Units (each
Unit consisting of one common share and
one share purchase warrant)

Purchase Price: $0.20 per Flow Through Share and $0.20 per
non Flow Through Units

Warrants: 1,725,000 share purchase warrants to
purchase 1,725,000 common shares.

Warrant Exercise Price: $0.30 per share for a period of 12
months.

Number of Placees: 59 placees for the Flow Trough Shares and
20 placees for the non Flow Through Units

Symbol Change

Effective at the opening July 21, 2005, the trading symbol for
Copper Fox Metals Inc. will change from ('COF.P') to ('CUU'). There
is no change in the company's name, no change in its CUSIP number
and no consolidation of capital.

The Exchange has been advised that the above transactions, approved
by Shareholders on May 25, 2005, have been completed.

For further information regarding the Company's Qualifying
Transaction, please refer to the Company's Information Circular
dated March 29, 2005 and news releases of May 20 and May 26, 2005.

Post Qualifying Transaction Capitalization:

Capitalization: Unlimited common shares with no par value
of which 25,352,700 common shares are
issued and outstanding.

Escrow: 10,167,200 common shares

Transfer Agent: CIBC Mellon Trust Company
Trading Symbol: CUU (new)
CUSIP Number: 21749Q 10 4 (unchanged)

Company Contact: Guillermo Salazar, President and Chief
Executive Officer
Company Address: 650, 340 - 12th Avenue SW
Calgary, AB T2R 1L5
Company Phone Number: (403) 264-2820
Company Fax Number: (403) 264-2920
---------------------------------------------------------------------

DIAMONDS NORTH RESOURCES LTD. ("DDN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced June 27, 2005:

Number of Shares: 4,000,000 shares

Purchase Price: $0.75 per share

Warrants: 4,000,000 share purchase warrants to
purchase 4,000,000 shares

Warrant Exercise Price: $1.00 for a one year period

$1.50 in the second year

Number of Placees: 36 placees

Insider / Pro Group Participation:

Insider equals Y /
Name ProGroup equals P / # of Shares

Donald G. Milne P 24,000
Ali Pegman P 34,000
Thomas W. Seltzer P 150,000
C. Channing Buckland P 200,000
Bolder Opportunities LLP P 250,000
Dain Currie P 10,000

Finder's Fee: Pacific International Securities Inc. will
receive a finder's fee of $1,875.00 and
3,000 Broker Warrants that are exercisable
into common shares on the same terms as
the unit warrants.

Global Resource Investments Ltd. will
receive a finder's fee of $88,125.00.

Bolder Investment Partners Ltd. will
receive a finder's fee of $26,250 and
42,000 Broker Warrants that are
exercisable on the same terms as the unit
warrants.

Haywood Securities will receive a finder's
fee of $5,625.00 and 9,000 Broker Warrants
that are exercisable on the same terms as
the unit warrants.

Canaccord Capital Corp. will receive a
finder's fee of $2,250.00 and 3,600 Broker
Warrants that are exercisable on the same
terms as the unit warrants.

Quest Capital Corp. (A. Murray Sinclair)
will receive a finder's fee of 141,000
Warrants that are exercisable on the same
terms as the unit warrants.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly.
---------------------------------------------------------------------

FRONTIER PACIFIC MINING CORPORATION ("FRP")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to the second and final tranche of a Non-Brokered Private
Placement announced June 2, 2005:

Number of Shares: 12,500,000 shares

Purchase Price: $0.30 per share

Warrants: 12,500,000 share purchase warrants to
purchase12,500,000 shares

Warrant Exercise Price: $0.40 for a two year period

Number of Placees: 1 placee

Insider / Pro Group Participation:

Insider equals Y /
Name ProGroup equals P / # of Shares

Dundee Precious
Metals Inc. Y 12,500,000 shares

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly.
---------------------------------------------------------------------

GOLD CANYON RESOURCES INC. ("GCU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced July 19, 2005:

Number of Shares: 1,630,000 shares

Purchase Price: US$0.50 per share

Warrants: 815,000 share purchase warrants to
purchase 815,000 shares

Warrant Exercise Price: $0.60 for eighteen months

Number of Placees: 7 placees

Finder's Fee: US$65,200 payable to Shields & Company

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly. Note that in certain
circumstances the Exchange may later extend the expiry date of the
warrants, if they are less than the maximum permitted term.
---------------------------------------------------------------------

GOLDMARCA LIMITED ("GML")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced June 14, 2005
and amended June 30, 2005:

Number of Shares: 17,300,000 shares

Purchase Price: $0.12 per share

Warrants: 17,300,000 share purchase warrants to
purchase 17,300,000 shares

Warrant Exercise Price: $0.20 for a two year period

Number of Placees: 26 placees

Insider / Pro Group Participation:

Insider equals Y /
Name ProGroup equals P / # of Shares

David Berkenshaw Y 375,000
Birkenshaw & Company Y 125,000
(David Berkenshaw)
Nick DeMare Y 435,000
DNG Capital Corp. Y 151,080
(Nick DeMare)
PJ Slaughter
Advisory Services Y 152,920
(Peter Slaughter)
Auspan Corporation SA Y 946,000
(Robin Slaughter)
Robert Hannah P 210,000

Finder's Fee: 122,776 units payable to Jim Voisin

1,250,000 units payable to Aran Asset
Management SA (Michael C. Thalmann)

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly.
---------------------------------------------------------------------

GRAVITY WEST MINING CORP. ("GRW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced June 9, 2005:

Number of Shares: 805,000 shares

Purchase Price: $0.075 per share

Warrants: 805,000 share purchase warrants to
purchase 805,000 shares

Warrant Exercise Price: $0.15 for a one year period

Number of Placees: 3 placees

Insider / Pro Group Participation:

Insider equals Y /
Name ProGroup equals P / # of Shares

Livio Susin Y 55,000
Adrian Palmer Y 50,000

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly. Note that in certain
circumstances the Exchange may later extend the expiry date of the
warrants, if they are less than the maximum permitted term.
---------------------------------------------------------------------

INTERNATIONAL PETROREAL OIL CORPORATION ("IOC")
BULLETIN TYPE: Property-Asset Disposition
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the terms of an
agreement (the 'Agreement'), to be dated July 2005, pursuant to
which the Company will dispose of its 40% interest in Black Swan
Petroleum Pty. Ltd. ('Black Swan') to Dormley Pty. Ltd. ('Dormley').
The Company originally acquired its interest in Black Swan from
Dormley pursuant to an agreement dated December 20, 2004.

The principal terms of the agreement are as follows: (a) the Company
will sell/return its 40% interest in Black Swan to Dormley; (b)
Dormley will return 1,800,000 common shares of the Company to the
Company's treasury for cancellation (Dormley will retain 600,000 of
the common shares issued to it in consideration for the Company's
acquisition of the 40% interest in Black Swan); (C) the Company will
receive a 2.5% gross overriding royalty on Black Swan's Thailand
based oil concession (the 'Property'), with the royalty being capped
at US$3,430,000 (an amount equal to twice the Company's expenditures
on the Property); (d) Black Swan will release the Company from any
and all claims Black Swan may have against the Company in respect of
its involvement with Black Swan and the Property; and (e) mutual
releases amongst all relevant parties to the Disposition will be
provided.

No finder's fee is payable in respect of the transaction.

Insider / Pro Group Participation: None.
---------------------------------------------------------------------

MINERA CAPITAL CORPORATION ("MNL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced April 18,
2005:

Number of Shares: 4,200,000 shares

Purchase Price: $0.05 per share

Warrants: 4,200,000 share purchase warrants to
purchase 4,200,000 shares

Warrant Exercise Price: $0.10 for a one year period

Number of Placees: 5 placees

Finder's Fee: 320,000 shares payable to Larry Chace

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly. (Note that in certain
circumstances the Exchange may later extend the expiry date of the
warrants, if they are less than the maximum permitted term.)
---------------------------------------------------------------------

NULOCH RESOURCES INC. ("NLR.A")
BULLETIN TYPE: New Listing-Shares, Private Placement-Non-Brokered,
Private Placement-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

Effective at the opening July 21, 2005, the Class A shares of the
Company will commence trading on TSX Venture Exchange (the
'Exchange'). The Company is classified as an 'oil and gas
exploration and development' company.

Pursuant to a Plan of Arrangement (the 'Arrangement') involving
TriLoch Resources Inc. ('TriLoch'), EnerMark Inc., Enerplus
Resources Fund ('Enerplus'), NuLoch Resources Inc. ('NuLoch') and
the securityholders of TriLoch, certain assets owned by TriLoch have
been transferred to NuLoch in exchange of 2,012,695 Class A shares
of NuLoch. In addition, the securityholders of TriLoch received one
(1) Class A share of NuLoch for each ten (10) TriLoch Class A shares
held, 0.07151 of an Enerplus Trust Unit for each TriLoch Class A
share held and 0.23923 of an Enerplus Trust Unit for each TriLoch
Class B share held.

The Class A shares and Class B shares of TriLoch Resources Inc. were
delisted from TSX Venture Exchange on July 11, 2005.

The Class B shares of NuLoch have been conditionally approved for
listing on the Exchange and will commence trading on the Exchange on
the day after the expiry of the four-month hold period. The four-
month hold period expires on November 7, 2005. The Exchange will
issue a bulletin shortly before this date to announce commencement
of trading of the Class B shares

Private Placement-Non-Brokered

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced in a news
release issued by TriLoch Resources Inc. on May 17, 2005:

Number of Shares: 2,800,000 Class A shares

Purchase Price: $0.25 per Class A share

Number of Placees: 16 placees

Insider / Pro Group Participation:

Insider equals Y /
Name ProGroup equals P / # of Class A Shares

Allan Spurgeon Y 300,000
James McIndoe Y 500,000
Glenn Dawson Y 500,000
Brian Murray Y 160,000
Bruce Lawrence Y 100,000
John Perraton Y 100,000
Terry Schneider Y 300,000

Private Placement-Brokered

TSX Venture Exchange has accepted for filing documentation with
respect to a Brokered Private Placement announced in news release
issued by TriLoch Resources Inc. on May 17, 2005:

Number of Units: 7,250 units (inclusive of 250 Units
pursuant to the exercise of the over-
allotment option)

Purchase Price: $1,000 per unit

Units: Each unit consists of 400 Class A shares
at a price of $0.25 per Class A shares
and 90 Class B shares at a price of $10.00
per Class B share

Number of Placees: 238 placees

Agent: GMP Securities Ltd.

Commission: 7.5% of gross proceeds

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placements and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placements do not close promptly.

Corporate Jurisdiction: Alberta

Capitalization: Unlimited Class A shares with no par value
of which
7,712,695 Class A shares are issued and
outstanding

Escrowed Shares: 82,889 Class A shares

Transfer Agent: Valiant Trust Company
Trading Symbol: NLR.A
CUSIP Number: 67053G 10 9

For further information, please refer to the Company's Information
Circular dated June 1, 2005.

Company Contact: James McIndoe
Company Address: 2200, 444 - 5th Avenue S.W.
Calgary, Alberta, T2P 2T8
Company Phone Number: (403) 920 - 0455
Company Fax Number: (403) 920 - 0457
Company Email Address: jim.mcindoe@nuloch.com
---------------------------------------------------------------------

PINE VALLEY MINING CORPORATION ("PVM")
BULLETIN TYPE: Private Placement-Non-Brokered, Correction
BULLETIN DATE: July 20, 2005
TSX Venture Tier 1 Company

Further to the bulletin dated July 18, 2005, the following is a
correction of TSX Venture Exchange acceptance of a Non-Brokered
Private Placement announced July 13, 2005. The correction relates to
the purchase price:

Number of Shares: 1,250,000 shares

Purchase Price: $4.00 per share

Number of Placees: 1 placee

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly.
---------------------------------------------------------------------

PRIMA DEVELOPMENTS LTD. ("PID")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced February 23,
2005:

Number of Shares: 703,666 shares

Purchase Price: $0.30 per share

Warrants: 703,666 share purchase warrants to
purchase 703,666 shares

Warrant Exercise Price: $0.35 for a six month period

$0.50 in following six months

Number of Placees: 33 placees

Insider / Pro Group Participation:

Insider equals Y /
Name ProGroup equals P / # of Shares

Donald Ewing Y 18,000

Finder's Fee: $1,400 payable to Alphil Guilaran
$1,500 payable to Victor Martinow
$545 payable to Geoff Woodford
$2,865 payable to Dave Goodman

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly. Note that in certain
circumstances the Exchange may later extend the expiry date of the
warrants, if they are less than the maximum permitted term.
---------------------------------------------------------------------

SKEENA RESOURCES LIMITED ("SKE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to the second (and final) tranche of a Non-Brokered Private
Placement announced May 17, 2005:

Number of Shares: 2,220,000 shares

Purchase Price: $0.40 per share

Warrants: 2,220,000 share purchase warrants to
purchase 2,220,000 shares

Warrant Exercise Price: $0.75 for a two year period

The warrants are subject to an accelerator clause, wherein the
remaining exercise period may be reduced, upon notice and election
of the Company, to 30 days if the shares trade at or greater than
$1.00 per share for ten consecutive days.

Number of Placees: 13 placees

Insider / Pro Group Participation:

Insider equals Y /
Name ProGroup equals P / # of Shares

Michael Prew P 400,000
Cold Stream Exploration Ltd.
(J. Rupert Allan) Y 50,000

Finder's Fee: Finders fees are payable to John Kocela,
First Associates and CIBC Wood Gundy in
the aggregate amount of 8% cash ($34,800)
and 12% in broker options (130,500
options) having a one year term
exercisable at $0.55 per share.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly.
---------------------------------------------------------------------

SULTAN MINERALS INC. ("SUL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for Expedited filing documentation
with respect to a Non-Brokered Private Placement announced July 14,
2005:

Number of Shares: 3,542,660 shares (of which 797,500 are
flow-through)

Purchase Price: $0.10 per share

Warrants: 1,372,580 share purchase warrants to
purchase 1,372,580 shares

Warrant Exercise Price: $0.15 for a two year period

Number of Placees: 22 placees

Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / # of Shares

Arthur Troup Y 100,000 FT
100,000
Sargent Berner Y 100,000 FT
100,000
Shannon Ross Y 15,000 FT
15,000

Finder's Fee: $11,500 payable to RBC Dominion Securities
Inc.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly.
---------------------------------------------------------------------

TAGISH LAKE GOLD CORP. ("TLG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced May 16, 2005
and July 14, 2005:

Number of Shares: 1,900,000 shares

Purchase Price: $0.10 per share

Warrants: 1,900,000 share purchase warrants to
purchase 1,900,000 shares

Warrant Exercise Price: $0.15 for an eighteen month period

Number of Placees: 1 placee

Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / # of Shares

CM Exploration
Services Ltd. Y 1,900,000

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly. Note that in certain
circumstances the Exchange may later extend the expiry date of the
warrants, if they are less than the maximum permitted term.
---------------------------------------------------------------------

VALLEY HIGH VENTURES LTD. ("VHV")
BULLETIN TYPE: Property-Asset Acquisition
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for Expedited filing documentation
of a Purchase Agreement dated May 2, 2005 between the Issuer and
Colleen Green (the 'Vendor') whereby the Issuer may acquire a 100%
interest in the Calm Claims (consisting of 118 claim units) located
in the Cariboo Mining District, British Columbia.

Consideration payable to the Vendor is $25,000 cash and 333,333
common shares of the Company.

The Vendor will retain a 2% net smelter return royalty, with a
buyout of $500,000 for each 0.5%
---------------------------------------------------------------------

VALLEY HIGH VENTURES LTD. ("VHV")
BULLETIN TYPE: Property-Asset Acquisition
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for Expedited filing documentation
of a Purchase Agreement dated May 2, 2005 between the Issuer and
Quantum Speed Internet Products Inc. (Gavin Tattersall) and ATP
Corporate Services Ltd. (Ida Christensen) (the 'Vendors') whereby
the Issuer may acquire a 100% interest in the Nordik Claims
(consisting of 94 claim units) located in the Cariboo Mining
District, British Columbia.

Consideration payable to each Vendor is 333,333 common shares of the
Company.

The Vendors will retain a 2% net smelter return royalty, with a
buyout of $500,000 for each 0.5%
---------------------------------------------------------------------

VALLEY HIGH VENTURES LTD. ("VHV")
BULLETIN TYPE: Property-Asset Acquisition
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for Expedited filing documentation
of a Purchase Agreement dated May 2, 2005 between the Issuer and
0694469 BC Ltd. (Marilyn Miller) and 0700667 BC Ltd. (Willow Sage)
(collectively, the 'Vendors') whereby the Issuer may acquire a 100%
interest in the PAY, A1-6 and OCT mineral claims located in the
Cariboo Mining District, British Columbia.

Consideration payable to each Vendor is 366,667 common shares of the
Company.

The Vendors will retain a 2% net smelter return royalty, with a
buyout of $500,000 for each 0.5%
---------------------------------------------------------------------

VISIONQUEST ENTERPRISE GROUP INC. ("VQE")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has consented to the extension in the expiry
date of the following warrants:

# of Warrants: 1,064,000
Original Expiry Date of Warrants: July 29, 2005
New Expiry Date of Warrants: July 29, 2006
Exercise Price of Warrants: $0.15

These warrants were issued pursuant to a private placement of
1,064,000 shares with share purchase warrants attached, which was
accepted for filing by the Exchange effective July 12, 2004.
---------------------------------------------------------------------

VRB POWER SYSTEMS INC. ("VRB")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: July 20, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Brokered Private Placement announced June 28, 2005 and
July 4, 2005:

Number of Shares: 14,167,000 special warrants(i)

Purchase Price: $0.72 per special warrant

Number of Placees: 28 placees

Insider / Pro Group Participation:

Insider equals Y /
Name ProGroup equals P / # of Shares

Marc Murnaghan P 100,000
Susan Streeter P 97,000
Roger Poirier P 300,000
Winston Bennett P 10,000
David Anderson P 10,000
Excalibur Limited Partnership P 556,000
Acuity Investment Management P 1,200,000
ITF Acuity Clean Environment
Equity
Acuity Investment Management P 300,000
ITF Acuity Clean Environment
Equity
Acuity Investment Management P 100,000
ITF Acuity Clean Environment
Equity

Agents: Sprott Securities Inc., Fraser Mackenzie
Limited and Loewen, Ondaatje McCutcheon
Ltd.

Agents' Fee: $663,015 plus 708,350 special warrants
exercisable into one compensation warrant,
each compensation warrant exercisable for
one common share at $0.80 for a period of
eighteen months from closing is payable to
the Agents.

Finder's Fee: $51,001.20 payable to Neal and Company
Consulting Limited

(i)In the event that a short form prospectus is not receipted
within 90 days of closing of this financing, each special warrant
will thereafter entitle the holder to receive, at no additional
cost, 1.1 common shares instead of one common share.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly
---------------------------------------------------------------------

NEX COMPANIES

FIRST FACTOR DEVELOPMENTS INC. ("FFD.H")
(formerly iWave Information Systems Inc. ("IWX.H"))
BULLETIN TYPE: Name Change
BULLETIN DATE: July 20, 2005
NEX Company

Pursuant to a special resolution passed by shareholders June 24,
2005, the Company has changed its name from iWave Information
Systems Inc. to First Factor Developments Inc. There is no
consolidation of capital.

Effective at the opening Thursday, July 21, 2005, the common shares
of First Factor Developments Inc. will commence trading on TSX
Venture Exchange, and the common shares of iWave Information Systems
Inc. will be delisted. The Company is classified as an 'Information
Services' company.

Capitalization: Unlimited shares with no par value of
which
5,902,468 shares are issued and
outstanding
Escrow: nil shares in escrow

Transfer Agent: Computershare Trust Company of Canada
Trading Symbol: FFD.H (new)
CUSIP Number: 320141 10 4 (new)
---------------------------------------------------------------------



Contact Information