AirTest Technologies (TSXV: AAT) is pleased to announce the Company is offering a non brokered private placement for securities for gross proceeds of up to $450,000. Pursuant to the terms of the private placement, the Company intends to issue up to 9,000,000 units at a price of $0.05 per unit.

Freegold Ventures Limited (TSX: ITF, OTCBB: FGOVF, Frankfurt: FR4) is pleased to announce that it has received board and lender approval for a US $2 million financing which is expected to close shortly. Freegold is also in the process of securing an additional US$2 million funding commitment, which would bring total proceeds to US$4 million. In connection with the above, Freegold is terminating its engagement for the longer-term debt financing that was announced on July 18, 2008.

Cardiome Pharma Corp. (NASDAQ: CRME/TSX: COM) today announced that it has entered into an agreement with CR Intrinsic Investments, LLC, an investment fund managed by CR Intrinsic Investors, LLC, an affiliate of S.A.C. Capital Advisors, LLC to purchase Series A convertible preferred shares for gross proceeds of US$25 million.

Century Mining Corporation (CMM: TSX-V) announced today that MRI Trading has not yet funded the $5 million tranche that it has agreed to fund in a binding agreement signed on May 30, 2008.

ARC Resources Ltd. a subsidiary of ARC Energy Trust has a potential exposure of $26.2 million from oil sales for the months of June and July 2008 to SemGroup, L.P.'s subsidiary, SemCanada Crude Company for the marketing of a portion of ARC's oil production.

iPipeline announced the completion of its $18 million Series A financing led by NewSpring Capital of Radnor, Pa., and Fidelity Ventures of Boston. iPipeline's management team also participated in this financial venture.

X-Terra Resources Corporation (XT-TSXV) has repriced its previously announced 5 million units proposed financing (see June 9, 2008 news release). The new terms of the proposed financing are a maximum of five million Units of the Company at a price of $1.00 per unit, for maximum gross proceeds to the Company of $5.0 million.

PSS Systems, the leader in legal holds and retention management solutions, announced it secured $18 million in equity financing led by FTVentures. The company's existing investors, including Lightspeed Venture Partners, Azure Capital, Granite Ventures, and Cipio Partners, all renewed their investment in the company.

Exegy, Inc., the innovator behind the Exegy Ticker Plant, announced that the Exegy Ticker Plant now automatically includes Financial Futures as part of its expansive functionality package, has launched a feedhandler for the Chicago Mercantile Exchange (CME), and is now co-located at four U.S. trading venues and at London Docklands.

Today's economic climate has left more consumers strapped for cash. Those who don't qualify for bank loans or credit cards increasingly are turning to short-term, consumer loans -- often called "payday loans" -- to help make ends meet.

IMAX Corporation (NASDAQ:IMAX; TSX:IMX) announced that it has entered into two significant financing transactions, one with Wachovia Capital Finance Corporation to increase future availability and modify other terms under the Company's existing credit facility, and one with the Douglas family, IMAX's largest shareholder, for the sale of approximately 2.73 million common shares in a private placement at an aggregate purchase price of $18 million.

Petaquilla Minerals Ltd. is pleased to announce that, subject to regulatory approval, it has negotiated a Senior Secured Notes financing of up to US$60,000,000. The Company will issue Units, each Unit consisting of a Senior Secured Note in the principal amount of US$1,000 of the Company and a warrant to purchase 315 common shares in the capital of the Company.