The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 22, 2015. The company relied on a discretionary waiver from the exchange's minimum pricing rules in accordance with the exchange's bulletin dated April 7, 2014, to complete this financing.

Shares:  13,087,500

Price:  four cents

Warrants:  13,087,500 share purchase warrants to purchase 13,087,500 shares

Exercise price:  five cents for a two-year period

Placees:  13

Insider:  Michael C. Scholz 7,075,000

Finder's fee:  $7,480 payable to Wolverton Securities Ltd., with 187,000 non-transferable warrants exercisable at five cents for two years

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.