2015-01-06 17:37 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 10, 2014.

Number of shares: 1.1 million flow-through shares and 2.2 million non-flow-through shares

Purchase price: Five cents per share

Warrants: 2.2 million share purchase warrants issued with non-flow-through shares to purchase 2.2 million shares

Warrant exercise price: Seven cents for a two-year period

Number of placees: Six placees

Insider: Michael Romanik, 300,000 non-flow-through

Finder's fee: $3,850 payable to Foster & Associates, with 77,000 warrants exercisable at seven cents for two years