What they want:

 All entries in both fiction and poetry MUST be “speculative literature” in content; in other words: science fiction, fantasy, horror, magic realism, alternate history, steampunk, etc. Non-genre entries will be automatically disqualified, and will not receive a refund.

Deadline: May 31, 2013
Entry Fee: $10.00 CDN or U.S. per entry, or $15.00 CDN or U.S. to enter both fiction and poetry categories.
Length: 5 poems not to exceed 10 pages.  Short stories/novel excerpts not to exceed 7,000 words.
Award: $500 Poetry Award.  $500 Fiction Award. Two Honourable Mentions in each category will receive $50.
Submission Guidelines: http://rannu.webs.com/entryrules.htm