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Bradmer announces 2008 fourth quarter and fiscal year operational and financial results
Date:3/31/2009

perating activities Net loss for the period $ (2,327,134) $ (3,517,030) $(11,529,057) $ (9,435,595) Add items not affecting cash Amortization of patents 16,022 14,500 61,571 51,769 Stock-based compensation 49,338 37,495 443,905 348,412 ------------- ------------- ------------- ------------- $ (2,261,774) (3,465,035) (11,023,581) (9,035,414) Changes in non-cash working capital items Amounts receivable (7,961) 12,692 131,202 (66,637) Prepaid expenses and other assets 19,210 24,960 (3,129) (13,397) Accounts payable and accrued liabilities (731,553) 1,147,681 (240,914) 451,125 ------------- ------------- ------------- ------------- (2,982,078) (2,279,702) (11,136,422) (8,664,323) ------------- ------------- ------------- ------------- Cash flows from investing activities Investment in patent rights (19,374) (50,709) (87,460) (267,117) Purchase of short-term investment - - (10,000,000) - Redemption of short-term Investment - - 10,000,000 - ------------- ------------- ------------- ------------- (19,374) (50,709) (87,460) (267,117) ------------- ------------- ------------- ------------- Cash flows from financing activities Issuance of capital stock, net of share issue costs - - - 19,5
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