2015-02-12 17:59 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: 4,508,214 shares

Purchase price: 35 cents per share

Warrants: 4,508,214 share purchase warrants to purchase 4,508,214 shares

Warrant exercise price: 60 cents for a two-year period

Number of placees: 24 placees

Insiders: Kenneth Berry, 200,000; Jon Morda, 20,000

Total pro group involvement: 250,000 (three placees)

Finders' fees: $4,200 payable to Leede Financial Markets Inc.; $8,400 payable to DB Management Ltd. (Doug Berry); $1,800 payable to Golden Capital Consulting Trust Company (Juozas Papartis); $15,015 payable to Haywood Securities Inc.; $21,000 payable to Lombard Odier & Cie