Equity Financings

Date

Shares

Price

Proceeds

Notes

May 17, 2007

3,000,000

$2.25

$6,750,000

Common Shares

July 11, 2008 3,500,000

565,500
$2.00

$2.30
$7,000,000

$1,300,650
Common Shares

Flow-Through Shares
 

Adnet Communications Inc.