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The Company announces that it has closed the non-brokered private placement announced on December 8, 2009 through the issuance of 13,735,042 units in the capital of the Company for gross proceeds of $961,452.94. The Company also retained Progressive I.R. Consultants Corp. to provide investor relations services to the Company at a monthly retainer of $7,500 plus the grant of 500,000 stock options. A further 325,000 stock options were granted to another consultant.

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