2014-09-08 18:08 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced July 25, 2014.

Number of shares: 680,000 flow-through shares

Purchase price: 12 cents per share

Warrants: 680,000 share purchase warrants to purchase 680,000 shares

Warrant exercise price: 18 cents for a one-year period

Number of placees: Three placees

Insider: Gary Musil, 180,000

Finder's fee: $3,600 payable to Richardson GMP Ltd., with 30,000 warrants exercisable at 18 cents for one year