Each FT Unit consists of one common share of the Company, issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one-half of one common share purchase Warrant (each whole warrant, a "Warrant"). Each Unit consists of one common share of the Company and one-half of one Warrant. Each whole Warrant entitles the holder to acquire a common share of the Company at a price of $0.90 per share for a period of 18 months following the closing of the Offering, subject to earlier forced acceleration in the event the Company's shares close at a price of $1.30 per share or more on the TSX Venture Exchange for 20 consecutive trading days after the expiry of a four month hold period.

SECUTOR WOULD LIKE TO EXCERCISE WARRANTS

SP SHOULD MOVE TO .90 +