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Pulse Seismic Inc. — Capital/Financing Update 2007
Aug 3, 2007
42873_rns_2007-08-03_d8eba322-5299-48f6-a2be-69837c3eaa27.pdf
Capital/Financing Update
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MATERIAL CHANGE REPORT
ITEM 1 – NAME AND ADDRESS OF COMPANY
Pulse Data Inc. (“Pulse”) 2400, 639 - 5[th] Avenue SW Calgary, Alberta T2P 0M9
ITEM 2 – DATE OF MATERIAL CHANGE
July 31, 2007.
ITEM 3 – NEWS RELEASE
A news release dated July 31, 2007 was disseminated through Canada Newswire.
ITEM 4 – SUMMARY OF MATERIAL CHANGE
Pulse announced the closing of the purchase of all of the seismic data owned jointly with Arcis Corporation.
ITEM 5 – FULL DESCRIPTION OF MATERIAL CHANGE
Pulse announced the closing of the purchase of all of the seismic data owned jointly with Arcis Corporation, as initially announced through press release on June 25, 2007. The purchase price of the transaction is $11.1 million in cash and was financed by the completed bought-deal financing announced by press release on July 27, 2007. The effective date of this transaction is July 31, 2007.
The seismic data being purchased is located primarily in the Buick-Beatton and Ladyfern areas of northeastern British Columbia and includes 1,388 net square kilometres of 3D seismic data and 65 net kilometres of 2D seismic data.
ITEM 6 – RELIANCE ON SUBSECTION 7.1(2) OR (3) OF NATIONAL INSTRUMENT 51-102
Not applicable.
ITEM 7 – OMITTED INFORMATION
Not applicable.
ITEM 8 – EXECUTIVE OFFICER
Douglas Cutts President and Chief Executive Officer Pulse Data Inc. (403) 237-5559
ITEM 9 – DATE OF REPORT
August 2, 2007.