Mr. Murray Keating reports

International Parkside Products Inc. has arranged a demand loan in the amount of $75,000 from a director of the company. The loan bears interest at 11 per cent, payable monthly and on demand. The proceeds of the loan will be issued for continued corporate operations.

In consideration for the loan, the company has agreed to issue bonus shares equal to 20 per cent of the total dollar amount of the loan divided by the market price, or 150,000 common shares at a deemed value of 10 cents.