resolution 2 , page-11

Looks like Your on the mark Mr Bin

"(d)the Shares (and Options) will be allotted and issued to holders of Equity Escrow Receipts, being clients of
Westwind Partners Inc. and Westwind Partners (UK) Limited located in Ontario, British Columbia and
Alberta and in the USA and the UK. None of these allottees are Related Parties of the Company or deemed
to be Related Parties under the Corporations Act or Listing Rules"

From Resolution 2.

(h)escrow receipts are CANADIAN fundraising instruments commonly used to evidence funds placed in escrow pursuant to an offering. Once certain conditions are satisfied, each Equity Escrow Receipt will entitle the holder to receive, without payment of any additional consideration, one Share and half of one Option upon the exercise of that escrow receipt.

"Each Equity Escrow Receipt entitles the holder, upon the automatic exercise of that escrow receipt, to one new Share and half of one Option, for no additional consideration, if approval is obtained under Resolution 2 and upon satisfaction of certain Canadian prospectus conditions"


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D comment

If the Cannucks wish to be able to readily trade these they will want to have them listed on the TSX.

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And a couple of other interesting quotes

"The Company is presently considering other fundraising initiatives which may involve the offer of debt or equity
securities or both by the Company. Such initiatives, if they materialise, may be announced by the Company before or after the date of the Extraordinary General
Meeting."

RESOLUTION 1: Ratification of Previous Issue of Shares and Options

Listing Rule 7.5 requires that the following information be provided to Shareholders when seeking approval for the purposes of Listing Rule 7.4:

(e)the Shares (and Options) were issued to or have been agreed to be issued to clients of Westwind Partners Inc. and Westwind Partners (UK) Limited LOCATE IN Ontario, British Columbia and Alberta and in the USA and the UK. None of these allottees were or are Related Parties of the Company or deemed to be Related Parties under the Corporations Act or Listing Rules
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D comment

I take this to mean ALL these unit issue equities are,or will be issued to clients in the UK/Canada/US.

Sounds like North Sound/JPM/Jones and Brewer to me.LOL

Funny about that eh!!!
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RESOLUTION 2: Approval for the Issue of Shares and Options The Company proposes to issue up to 215,320,097 new Shares and up to 107,660,049 Options pursuant to the exercise by the holders of Equity Escrow Receipts at any time no later than three months after the date of the General Meeting.
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Comment from D.

I take the above to mean we will see a POSSIBLE TSX listing within 3 months of this EGM.

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FINALLY something for D to talk about.Geez they should have a bit more consideration.Id just gone into deeeeep sleeeeep

d.