	TSX.V	NYSE.A
Date:	11-21-2008	11-21-2008
Last:	0.27	0.24
High:	0.27	0.24
Low:	0.24	0.19
Dollar Change:	+0.04	+0.03
Volume:	16500	215400

15-20 min delay

Stock Quote Share Structure Financial Statements Corporate Governance Corporate Profile Calendar of Events Media Coverage Presentations

Corporate Governance

Code of Ethics (PDF, 21KB)
Audit Committee Charters (PDF, 24KB)

In Canada, the Company is listed for trading on the TSX Venture Exchange ("TSX-V") and is subject to the corporate governance requirements of the TSX-V and the Business Corporations Act (British Columbia). In the USA the Company is listed for trading on the NYSE Alternext ("Alternext"). Pursuant to Section 110 of the Alternext Company Guide ("Company Guide") the Company is required to report the difference between Company Guide Sections 711 and 713 and the Canadian requirements applicable to the Company:

Shareholder Approval of Certain Transactions: The Alternext Company Guide provides that shareholder approval is required as a prerequisite to approval of applications to list additional shares where the additional shares to be issued in connection with a transaction (together, if applicable, with shares sold by officers, directors or principal shareholders) is equal to 20% or more of the presently outstanding stock of the Company and the issue price is less than the greater of book or market value of the stock. The Alternext Company Guide further provides that, subject to certain exceptions, shareholder approval is required for the issuance of shares in a transaction to officers and directors at below market value. The TSX-V Corporate Finance Manual provides that shareholder approval of a private placement is required where the placement would result in a change of control of the Company or creation of a new "control person", defined under applicable securities rules as being one or more persons holding more than 20% of voting rights attached to all outstanding voting securities of the Company. The Company's recent private placement of units of the Company in November 2008 was completed pursuant to the requirements of the TSX-V Corporation Finance Manual. As the recent private placement of the Company did not result in a change of control of the Company or in the creation of a new control person of the Company shareholder approval was not required. The Company was granted an exemption from the requirements of the Alternext Company Guide pursuant to Section 110 thereof.