On October 15, 2008, at our annual meeting of shareholders held in Calgary Alberta, the Company's shareholders approved an amendment to our Articles of Incorporation to increase the Company's authorized common stock from 500,000,000 shares to 750,000,000 shares. On October 20, 2008 we filed Articles of Amendment to our Articles of Incorporation with the Colorado Secretary of State to increase our authorized common stock which amendment became effective immediately. A copy of the Articles of Amendment is attached hereto as Exhibit 3.1. The amendment does not affect the number of authorized shares of preferred stock we are authorized to issue and was disclosed in our proxy statement for the annual meeting of shareholders.

As described above, on October 15, 2008, we held our annual meeting of shareholders in Calgary Alberta. Three proposals were submitted to the shareholders for approval as set forth in our definitive proxy statement dated August 29, 2008. At the meeting 143,994,570 shares of our voting stock were present at the meeting in person or represented by proxy (being Common Shares outstanding as of the record date and one share of Series B preferred stock which was entitled to 27,379,840 votes). The voting shares present at the meeting represented approximately 56.2% of the shares of voting stock outstanding and entitled to vote at the meeting and constituted a quorum. The votes on each proposal were cast as described below.

At the meeting the shareholders voted to re-elect the two Class B Directors to serve a three year term until the 2011 annual meeting and until their successors are elected and qualified. The names of the directors re-elected, and the number of votes cast for and withheld were as follows:

                                                           Shares
                   Name of Director     Shares FOR        WITHHELD
                   T. Murray Wilson     140,356,257       3,638,313

                   Thomas Milne         141,003,851       2,990,719

Additionally, the shareholders approved an amendment to our Articles of Incorporation to increase the number of shares of common stock we are authorized to issue from 500,000,000 shares to 750,000,000 shares. The shares voted for, against and abstained on the proposal were as follows:

Shares FOR Shares AGAINST ABSTAINED 125,154,788 18,131,917 707,864

Finally, the shareholders ratified and approved KPMG LLP as our independent registered public accounting firm. The shares voted for, against and abstained on the proposal were as follows:

Shares FOR Shares AGAINST ABSTAINED 141,771,298 961,164 1,262,108