Attached files
Exhibit
99.1
NEWS
RELEASE
November
2, 2009 - Mr. Mark Burgert of White Rock, British Columbia reports that he has
acquired 1,000,000 common shares (the "Acquired Securities") of Insightfulmind
Learning, Inc. ("IML"). Mr. Burgert has ownership and control over
all of the Acquired Securities.
Prior to
the acquisition, IML had 6,771,293 common shares issued and outstanding, of
which Mr. Burgert had ownership or control over 1,262,500 common shares or
18.64% of the then issued and outstanding common shares of IML.
After the
acquisition, IML had 7,771,293 common shares issued and outstanding, of which
Mr. Burgert had ownership or control over 2,262,500 common shares (the
"Offeror's Current Holdings") representing 29.11% of the then issued and
outstanding common shares of IML.
The
Acquired Securities were acquired by Mr. Burgert in a private transaction at a
deemed price of US$0.05 (CDN$0.05372, based on the applicable exchange rate
(Noon Rate) on November 2, 2009) per share. Mr Burgert was issued the
Acquired Securities by IML in exchange for Mr. Burgert transferring on a tax
deferred rollover basis to IML (the "Acquisition") one common share (the
"Coronus Share") of Coronus Energy Inc. ("Coronus"), being all the issued and
outstanding shares of Coronus, having a deemed value of US$50,000 (CDN$53,720,
based on the applicable exchange rate (Noon Rate) on November 2,
2009). In connection with the Acquisition, IML will further grant
(the "Option Grant") to Mr. Burgert an option to acquire 175,000 common shares
of IML at a price of US$0.13 per share.
Mr.
Burgert is a close business associate of Mr. Jeff Thachuck, President and
director of IML. The Acquired Securities were issued to Mr. Burgert
by IML in reliance on the exemption from prospectus requirements under
applicable securities regulations available under section 2.5 (1)(e) of National
Instrument 45-106 "Prospectus and Registrations Exemptions"
Mr.
Burgert acquired, and as set out above will acquire, securities of IML for
investment purposes and except as set out above has no present intention to
acquire further securities of IML, although Mr. Burgert may in the future
acquire or dispose of securities of IML through the market, privately or
otherwise, as circumstances or market conditions warrant.
For
More Information Contact:
Mark
Burgert
mb@legaldeeds.com