TSX Venture Exchange Daily Bulletins

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May 03, 2012, 18:05 ET

VANCOUVER, May 3, 2012 /CNW/ -

TSX VENTURE COMPANIES:

BULLETIN TYPE: Cease Trade Orders
BULLETIN DATE: May 3, 2012
TSX Venture Companies

A Temporary Cease Trade Order has been issued by the Ontario Securities Commission on May 3, 2012 against the following companies for failing to file the documents indicated within the required time period:

Symbol

Tier

Company

Failure to File

Period
Ending
(Y/M/D)

RDA
RDA.WT

Royal Coal Corp.

Audited annual financial statements
for the year ended

2011/12/31

Management's discussion & analysis
relating to the audited annual financial
Statements for the year ended

2011/12/31

Certification of the foregoing filings
as required by National Instrument
52-109 Certification of Disclosure in
Issuers' Annual and Interim Filings.

ACX

Acadian Energy Inc.

Audited annual financial statements
for the year ended

2011/12/31

Management's discussion & analysis
relating to the audited annual financial
statements for the year ended

2011/12/31

Certification of the foregoing filings
as required by National Instrument
52-109 Certification of Disclosure in
Issuers' Annual and Interim Filings.

Upon revocation of the Temporary Cease Trade Order, the companies' shares will remain suspended until the companies meet TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the companies during the period of the suspension or until further notice.

________________________________________

BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 3, 2012
TSX Venture Tier 1 Company

A Cease Trade Order has been issued by the Autorité des marchés financiers on May 3, 2012, against the following Company for failing to file the document indicated within the required time period:

Symbol

Company

Failure to File

Period
Ending
(Y/M/D)

("DOR")

Dianor Resources inc.

Annual Financial Statements

11/12/31

Upon revocation of the Cease Trade Order, the Company's shares will remain suspended until the Company meets TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.

TYPE DE BULLETIN : Interdiction d'opérations sur valeurs
DATE DU BULLETIN : Le 3 mai 2012
Société du groupe 1 de TSX Croissance

Une interdiction d'opérations sur valeurs a été émise le 3 mai 2012 par l'Autorité des marchés financiers envers la société suivante pour défaut de déposer le document indiqué dans la période prescrite :

Symbole

Société

Défaut de déposer

Période se
terminant
(A/M/J)

(« DOR »)

Ressources Dianor inc.

États financiers annuels

11/12/31

Suite à l'interdiction d'opérations sur valeurs, la négociation des titres de la société demeurera suspendue jusqu'à ce que la société réponde aux normes de Bourse de croissance TSX. Il est interdit aux membres de transiger les titres de la société durant la période de suspension ou jusqu'à un avis ultérieur.

_________________________________________________

BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

A Cease Trade Order has been issued by the Autorité des marchés financiers on May 3, 2012, against the following Company for failing to file the document indicated within the required time period:

Symbol

Company

Failure to File

Period
Ending
(Y/M/D)

("FGE")

Forest Gate Energy Inc.

Annual Financial Statements

11/12/31

TYPE DE BULLETIN : Interdiction d'opérations sur valeurs
DATE DU BULLETIN : Le 3 mai 2012
Société du groupe 2 de TSX Croissance

Symbole

Société

Défaut de déposer

Période se
terminant
(A/M/J)

(« FGE »)

Énergie Forest Gate inc.

États financiers annuels

11/12/31

_________________________________________________

BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

A Cease Trade Order has been issued by the Autorité des marchés financiers on May 3, 2012, against the following Company for failing to file the document indicated within the required time period:

Symbol

Company

Failure to File

Period
Ending
(Y/M/D)

("OBI")

Osta Biotechnologies Inc.

Annual Financial Statements

11/12/31

TYPE DE BULLETIN : Interdiction d'opérations sur valeurs
DATE DU BULLETIN : Le 3 mai 2012
Société du groupe 2 de TSX Croissance

Symbole

Société

Défaut de déposer

Période se
terminant
(A/M/J)

(« OBI »)

Les Biotechnologies Osta Inc..

États financiers annuels

11/12/31

_________________________________________________

BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

A Cease Trade Order has been issued by the Autorité des marchés financiers on May 3, 2012, against the following Company for failing to file the document indicated within the required time period:

Symbol

Company

Failure to File

Period
Ending
(Y/M/D)

("PLE")

Plexmar Resources Inc.

Annual Financial Statements

11/12/31

TYPE DE BULLETIN : Interdiction d'opérations sur valeurs
DATE DU BULLETIN : Le 3 mai 2012
Société du groupe 2 de TSX Croissance

Symbole

Société

Défaut de déposer

Période se
terminant
(A/M/J)

(« PLE »)

Ressources Plexmar inc.

États financiers annuels

11/12/31

_________________________________________________

BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 3, 2012
NEX

A Cease Trade Order has been issued by the Autorité des marchés financiers on May 3, 2012, against the following Company for failing to file the document indicated within the required time period:

Symbol

Company

Failure to File

Period
Ending
(Y/M/D)

("IMS.H")

Investissements TSPL Inc.

Quarterly Financial Statements

12/02/29

TYPE DE BULLETIN : Interdiction d'opérations sur valeurs
DATE DU BULLETIN : Le 3 mai 2012
NEX

Symbole

Société

Défaut de déposer

Période se
terminant
(A/M/J)

(« IMS.H »)

Investissements TSPL inc.

États financiers intermédiaires

12/02/29

_________________________________________________

AM GOLD INC. ("AMG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 5, 2012 and April 19, 2012:

Number of Shares:	4,999,999 shares

Purchase Price:	$0.09 per share

Warrants:	2,499,998 share purchase warrants to purchase 2,499,998 shares

Warrant Exercise Price:	$0.20 for a two year period. The warrants are subject to an accelerated exercise provision in the event the Company's shares are equal or greater than $0.35 for any five consecutive trading days.

Number of Placees:	25 placees

Insider / Pro Group Participation:

Name	Insider=Y / ProGroup=P /	# of Shares
Brian Paes-Braga Giovanni (John) Giorino David Garnett	P Y P	100,000 1,700,056 200,000

Finders' Fees:	Canaccord Genuity Corp. - $10,800.00 and 120,000 Broker Warrants that are exercisable into common shares at $0.20 per share for a 24 month period.

	Jordan Capital Markets Inc. - $4,719.60 and 52,440 Broker Warrants that are exercisable into common shares at $0.20 per share for a 24 month period.

	PI Financial Corp. - $1,440.00 and 16,000 Broker Warrants that are exercisable into common shares at $0.20 per share for a 24 month period.

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.

________________________________________

AZUL VENTURES INC. ("AZL")
[formerly Himalayan Capital Corp. ("HIM")]
BULLETIN TYPE: Name Change
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

Pursuant to a resolution passed by shareholders April 26, 2012, the Company has changed its name as follows. There is no consolidation of capital.

Effective at the opening Friday May 4, 2012, the common shares of Azul Ventures Inc. will commence trading on TSX Venture Exchange, and the common shares of Himalayan Capital Corp. will be delisted. The Company is classified as a 'Mineral Exploration/Development' company.

Capitalization: Escrow:	unlimited 19,736,450 10,535,000	shares with no par value of which shares are issued and outstanding shares

Transfer Agent:	Computershare Investor Services
Trading Symbol: CUSIP Number:	AZL 05501H105	(new) (new)

________________________________________

BARRANCO RESOURCES CORP. ("BCC.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

Further to the TSX Venture Exchange ('TSXV') Bulletin dated May 1, 2012, effecting at 11:48 a.m., trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction pursuant to TSXV Listings Policy 2.4. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange, pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

________________________________________

DEFIANCE SILVER CORP. ("DEF")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 17, 2012:

First Tranche:

Number of Shares:

1,144,500 shares

Purchase Price:

$0.50 per share

Warrants:

572,250 share purchase warrants to purchase 572,250 shares

Warrant Exercise Price:

$0.65 for a one year period

Number of Placees:

11 placees

Insider / Pro Group Participation:

Name

Insider=Y /
ProGroup=P /

# of Shares

Winfield Consulting Inc.
(Bruce Winfield)
Kesa Capital Corp.
(Darrell Rader)
Ronald E. Sowerby
Impact Silver Corp.

Y

Y
Y
Y

100,000

80,000
100,000
184,500

________________________________________

DIGITAL SHELF SPACE CORP. ("DSS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 5, 2012:

Number of Shares:									1,250,000 shares

Purchase Price:									$0.20 per share

Warrants:									625,000 share purchase warrants to purchase 625,000 shares

Warrant Exercise Price:									$0.30 for a five year period

Number of Placees:									1 placee

________________________________________

ELGIN MINING INC. ("ELG")("ELG.WT")
BULLETIN TYPE: Graduation
BULLETIN DATE: May 3, 2012
TSX Venture Tier 1 Company

TSX Venture Exchange has been advised that Elgin Mining Inc.'s shares and warrants will be listed and commence trading on Toronto Stock Exchange at the opening on Friday, May 4, 2012, under the symbols "ELG" for the shares, and "ELG.WT" for the warrants.

As a result of this Graduation, there will be no further trading under the symbols "ELG" and "ELG.WT" on TSX Venture Exchange after Thursday, May 3, 2012, and the Company's shares and warrants will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange.

________________________________________

ELGIN MINING INC. ("ELG")("ELG.WT")
BULLETIN TYPE: Amalgamation, New Listing-Warrants, Correction
BULLETIN DATE: May 3, 2012
TSX Venture Tier 1 Company

Further to the TSX Venture Exchange Bulletin dated May 2, 2012 with respect to the type of transaction, the Bulletin should have referred to the transaction as an "Arrangement" and not an "Amalgamation".

In addition, the Arrangement became effective on May 1, 2012, not May 3, 2012. The Elgin Shares and Elgin Warrants issued pursuant to the Arrangement began trading on the TSX Venture Exchange on Thursday, May 3, 2012.

________________________________________

GALORE RESOURCES INC. ("GRI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 4, 2011 and December 8, 2011:

Number of Shares:	2,699,334 flow-through shares

Purchase Price:	$0.15 per flow-through share

Number of Placees:	9 placees

Insider / Pro Group Participation:

Name	Insider=Y / ProGroup=P /	# of Shares
Chad Ekren	P	130,000 f/t

Finder's Fee:	Limited Market Dealer Inc. will receive a finder's fee of $24,000.00 and a due diligence fee of $6,780.00.

________________________________________

INTERTAINMENT MEDIA INC. ("INT")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange (the "Exchange") has accepted for filing documentation pertaining to a purchase and option agreement (collectively, the "Agreements") between Intertainment Media Inc. (the "Company"), Ortsbo Inc.("Ortsbo") - a subsidiary of the Company, and the shareholders (collectively, the "Vendors") of Lexifone Communications Systems (2010) Ltd. ("Lexifone"). Pursuant to the Agreements, Ortsbo shall acquire a 25% share interest in Lexifone by paying an aggregate of $1,500,000 and issuing 1,010,101 shares to the Vendors.

Ortsbo shall also have the following options:

Option #1: to acquire the remaining 75% share interest in Lexifone in consideration for $16,000,000 until January 1, 2013.
Option #2: If Option #1 is not exercised, Ortsbo shall have the option acquire an additional 24% (totaling a 49% share interest) by making a further payment of $5,120,000 until January 1, 2013.
Option #3: If Option #2 is exercised, Ortsbo shall have option to acquire the remaining 51% interest (resulting in Ortsbo owning an aggregate 100% share interest) by making a further payment of $10,200,000 by January 1, 2014.

If Ortsbo exercises any of the above options, 75% of the consideration price would be paid in cash and the remaining 25% through the issuance of shares (subject to further Exchange approval).

For further information, please refer to the Company's press releases dated November 28, 2011 and April 27, 2012.

________________________________________

MONSTER MINING CORP. ("MAN")
BULLETIN TYPE: Warrant Term Extension, Warrant Price Amendment
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

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

Initial Public Offering:

# of Warrants:
Original Expiry Date of Warrants:
New Expiry Date of Warrants:
Forced Exercise Provision:

Original Exercise Price of Warrants:
New Exercise Price of Warrants:

2,500,000
May 18, 2012
May 18, 2013
If the closing price for the Company's shares is $0.40 or
greater for a period of 10 consecutive trading days, then
the warrant holders will have 30 days to exercise their
warrants; otherwise the warrants will expire on the 31st day.
$0.65
$0.30

These warrants were issued pursuant to an initial public offering of 5,000,000 shares with 2,500,000 share purchase warrants attached, which was accepted for filing by the Exchange effective May 18, 2011.

________________________________________

RELIABLE ENERGY LTD. ("REL")
BULLETIN TYPE: Delist-Offer to Purchase
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

Effective at the close of business, Thursday, May 3, 2012, the common shares of Reliable Energy Ltd. will be delisted from TSX Venture Exchange. The delisting of the Company's shares results from Crescent Point Energy Corp. ("Crescent Point") purchasing all of the issued and outstanding common shares of the Company pursuant to an Offer to Purchase/Arrangement Agreement dated March 14, 2012. Shareholders of the Company will receive 0.00794 common shares of Crescent Point for every common share held. For further information please refer to the information circular of the Company dated March 30, 2012 and the company's news release dated May 1, 2012.

________________________________________

UNILENS VISION INC. ("UVI")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: May 2, 2012
TSX Venture Tier 2 Company

The Issuer has declared the following dividend(s):

Dividend per Common Share:
Payable Date:
Record Date:
Ex-Dividend Date:

U.S.$0.045 (regular cash dividend)
May 25, 2012
May 14, 2012
May 10, 2012

________________________________________

WALMER CAPITAL CORP. ("WAL.P")
BULLETIN TYPE: New Listing-CPC-Shares, Halt
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

This Capital Pool Company's ('CPC') Prospectus dated February 7, 2012 has been filed with and accepted by TSX Venture Exchange and the Alberta, British Columbia and Ontario Securities Commissions effective February 7, 2012, pursuant to the provisions of the Alberta, British Columbia and Ontario Securities Acts. The Common Shares of the Company will be listed on TSX Venture Exchange on the effective date stated below.

The Company has completed its initial distribution of securities to the public. The gross proceeds received by the Company for the Offering were $300,000 (3,000,000 common shares at $0.10 per share).

Commence Date:	At the opening, Friday, May 4, 2012, the Common shares will commence trading on TSX Venture Exchange. Trading in the shares of the Company will be immediately halted pending receipt of acceptable documentation regarding the Capital Pool Company listing pursuant to Exchange Policy 2.4.

Corporate Jurisdiction:	Alberta

Capitalization: Escrowed Shares:	Unlimited 5,000,000 2,000,000	common shares with no par value of which common shares are issued and outstanding common shares

Transfer Agent: Trading Symbol: CUSIP Number: Sponsoring Member:	Olympia Trust Company WAL.P 93266C 10 7 Union Securities Ltd.

Agent's Options:	300,000 non-transferable stock options. One option to purchase one share at $0.10 per share up to 24 months from the date of listing.

For further information, please refer to the Company's Prospectus dated February 7, 2012.

Company Contact:

Company Address:

Company Phone Number:
Company Fax Number:
Company Email Address:

Jay Richardson
President, Chief Executive Officer & Corporate Secretary
1500, 850 - 2nd Street SW
Calgary AB T2P 0R8
(416) 410-5297
(416) 862-7889
[email protected]

Seeking QT primarily in these sectors:

Mining
Oil & Gas
Utilities & Pipelines

________________________________________

WINALTA INC. ("WTA")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

The Issuer has declared the following dividend(s):

Dividend per Share:
Payable Date:
Record Date:
Ex-Dividend Date:

$0.01
May 31, 2012
May 14, 2012
May 10, 2012

________________________________________

RUPERT RESOURCES LTD. ("RUP")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 10, 2012:

Number of Shares:

10,000,000 shares

Purchase Price:

$0.10 per share

Number of Placees:

32 placees

Insider / Pro Group Participation:

Name

Insider=Y /
ProGroup=P /

# of Shares

Alan Brimacombe
Ryan Steuart
Timothy Ferris
Brenda Ferris
Lynda Watson
Harris Watson
Richard Bush
Robert Shewchuk
Suzanne Shewchuk
Susan Milton
Hazel Bennett

P & Y
P
P
P
P
P
P
P
P
P
P

750,000
250,000
50,000
100,000
100,000
100,000
30,000
500,000
500,000
250,000
250,000

________________________________________

SOFAME TECHNOLOGIES INC. ("SDW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 3, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement (the private placement closing occurred on January 28, 2011):

Number of Shares:									6,000,000 common shares

Purchase Price:									$0.05 per common share

Warrants:									6,000,000 warrants to purchase 6,000,000 common shares

Warrant Exercise Price:									$0.10 until January 27, 2016

Number of Placees:									10 placees

The Company has announced the closing of the Private Placement by way of a press release dated January 28, 2011.

SOFAME TECHNOLOGIES INC. (« SDW »)
TYPE DE BULLETIN: Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 3 mai 2012
Société du groupe 2 de TSX Croissance

Bourse de croissance TSX a accepté le dépôt de la documentation relativement à un placement privé sans l'entremise d'un courtier (la clôture du placement privé est survenue le 28 janvier 2011) :

Nombre d'actions :							6 000 000 d'actions ordinaires

Prix :							0,05 $ par action ordinaire

Bons de souscription :							6 000 000 de bons de souscription permettant de souscrire à 6 000 000 d'actions ordinaires

Prix d'exercice des bons :							0,10 $ jusqu'au 27 janvier 2016

Nombre de souscripteurs :							10 souscripteurs

La société a confirmé la clôture du placement privé ci-avant mentionné par voie de communiqué de presse daté du 28 janvier 2011.

________________________________________

STRATABOUND MINERALS CORP. ("SB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 3, 2012
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 15, 2012 and closed April 19, 2012:

Number of Shares:

4,200,000 shares
2,685,500 flow-through shares ("FT Shares")

Purchase Price:

$0.05 per share
$0.08 per FT Share

Number of Placees:

11 placees

Insider / Pro Group Participation:

Name

Insider=Y /
ProGroup=P /

# of Shares

Bellport Resources Ltd.

Susan Stricker
Stan Stricker

Y

Y
Y

3,000,000 shares
2,300,000 FT Shares
100,000 Shares
100,000 Shares

Finder's Fee:

None

________________________________________

NEX COMPANIES:

BENZAI CAPITAL CORP. ("BNZ.H")
BULLETIN TYPE: Private Placement-Non-Brokered, Remain Halted, Correction
BULLETIN DATE: May 3, 2012
NEX Company

Further to the TSX Venture Exchange bulletin dated May 2, 2012 with respect to the private placement of 1,000,000 pre-consolidated units at a price of $0.05 per unit, the number of units subscribed by Susan Pomper should have been 250,000, not 500,000.

________________________________________

CHANGYU MEDTECH LTD. ("CYQ.H")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 3, 2012
NEX Company

Effective at 12:00 p.m., PST, May 3, 2012, shares of the Company resumed trading, an announcement having been made.

________________________________________

ROOSTER ENERGY LTD. ("COQ")
[formerly Probe Resources Ltd. ("PBR.H")]
BULLETIN TYPE: Reinstated For Trading, Reverse Takeover-Completed, Graduation From NEX to TSX Venture, Symbol Change, Name Change and Consolidation
BULLETIN DATE: May 3, 2012
NEX Company

Reinstated For Trading

Further to TSX Venture Exchange Bulletin dated January 7, 2011, the Company has now filed certain financial statements, which has resulted in the revocation of its earlier cease trade order. The Company has also completed a Reverse Take Over, as set forth below.

Effective at the opening, Friday, May 4, 2012, trading will be reinstated in the securities of the Company (CUSIP 776618 10 0 ).

Reverse Takeover-Completed

The TSX Venture Exchange has accepted for filing the Company's Reverse Take-Over ("RTO"), which involves the arm's length acquisition (the Acquisition) of all the shares of Rooster Probe GOM Oil & Gas Ltd. (Canco), a private BC company, which was recently formed to carry out a plan of arrangement (the Transaction) with the Company and immediately thereafter, acquire, pursuant to an option agreement, Rooster Energy LLC (Rooster Energy) a Louisiana company, with certain producing oil and gas assets in the Gulf of Mexico. Pursuant to the Transaction,

(a)	the common shares of Probe (the Probe Shares) will be consolidated on a 250 to one basis (the Consolidation),

(b)	Probe will acquire all the outstanding common shares of Canco (the Canco Shares), (including Canco Shares issuable upon conversion of subscription receipts issued pursuant to a conjunctive private placement carried out by Canco), in exchange for, at the election of each Canco shareholder, either:

	(i)	one post-Consolidation Probe Share at a deemed price of $0.60 per share, or

	(ii)	one Proportionate Voting Share at a deemed price of $600 per Proportionate Voting Share.

Immediately following completion of the Transaction, Canco will exercise the option to acquire Rooster Energy (the Rooster Option) and Probe and Canco will be amalgamated to form Rooster Energy Ltd. (the Resulting Issuer). As a result of the exercise of the Rooster Option, the Resulting Issuer will issue an aggregate of 56,738 Proportionate Voting Shares for an aggregate deemed consideration of $34,042,800 to Rooster Resources LLC (Rooster Resources), a Louisiana company that holds all of the outstanding securities of Rooster Energy.

The common shares of the Resulting Issuer (the Common Shares) and the Proportionate Voting Shares will have the same rights and will be equal in all respects and are to be treated as if they were one class only. Common Shares, may, at any time, at the option of the holder, be converted into Proportionate Voting Shares on the basis of 1,000 Common Shares for one Proportionate Voting Share. Common Shares carry one vote per share and Proportionate Voting Shares carry 1,000 votes per share for all matters coming before shareholders. The Proportionate Voting Shares do not trade on the Exchange.

The Exchange has been advised that the Transaction, approved by shareholders on April 29, 2012, has been completed.

For further details on the Transaction and related matters, please see the Information Circular and Proxy Statement of the Company dated February 24, 2012, coupled with the Company's comprehensive news release dated April 23, 2012, all as filed on SEDAR.

Insider / Pro Group Participation:

Name

Insider=Y /
ProGroup=P

# of Shares

Rooster Resources LLC
(Chester Morrison Jr.)
Chester Morrison Jr
K2 Principal Fund L.P (Paul Crilly)
Robert Murphy
Paul Crilly
Steven Weyel
Tod Darcey
Kenneth Tamplain Jr.
Richard Buski
James Shockney

Y
Y
Y
Y
Y
Y
Y
Y
Y
Y

56,738,000 (1)
8,333,000 (2)
20,723,004
1,666,667
84,000
83,333
82,700
81,000
16,000
5,000

Notes:	(1) These shares underly the 56,738 Proportionate Voting Shares held by Rooster Resources LLC.
	(2) These shares underly the 8,333 Proportionate Voting Shares held by Chester Morrison Jr.

Graduation From NEX to TSX Venture, Symbol Change

The Company has met the requirements to be listed as a TSX Venture Tier 1 Company. Therefore, effective on Friday, May 4, 2012, the Company's listing will transfer from NEX to TSX Venture, the Company's Tier classification will change from NEX to Tier 1 and the Filing and Service Office will change from NEX to Calgary.

Effective at the opening, on Friday, May 4, 2012, the trading symbol for the Company will change from PBR.H to COQ.

Name Change and Consolidation

Pursuant to shareholder approval on April 29, 2012, the Company has consolidated its capital on a 250 old for one new basis. The name of the Company has also been changed from Probe Resources Ltd. to Rooster Energy Ltd.

Effective at the opening, on Friday, May 4, 2012 the common shares of Rooster Energy Ltd will commence trading on TSX Venture Exchange, and the common shares of Probe Resources Ltd will be delisted.

The Company is classified as an '''oil and gas exploration and development" company.

Post-Consolidation Capitalization:	unlimited 40,394,823 65,071	common shares and unlimited Proportionate Voting Shares with no par value of which common shares and Proportionate Voting Shares are issued and outstanding

Escrowed:	22,741,704 65,071	common shares and Proportionate Voting Shares are subject to a Tier 1 Value Escrow Agreement

Escrow Term:	18	months

Transfer Agent	Computershare Trust Company of Canada
Trading Symbol: CUSIP Number:	COQ 776618 10 0	(new) (new)

Company Contact: Company Address: Company Phone Number: Company Fax Number:	Robert Murphy, Chief Executive Officer 16285 Park Ten Place, Suite 120 Houston, Texas 77084 (713) 574-7558 (832) 772-6314

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