The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 26, 2015.

Number of shares:  2,852,500 flow-through shares and 1.6 million non-flow-through shares

Purchase price:  20 cents per flow-through share and 15 cents per non-flow-through share

Warrants:  1,426,250 share purchase warrants attached to the flow-through shares to purchase 1,426,250 shares at a price of 28 cents for a two-year period (If the average closing price is at 40 cents or higher for five consecutive trading days at any time after four months and one day after closing, the company may, upon giving notice to the warrantholder, shorten the expiry date of the warrants to 30 days from the date of notice.) and 800,000 share purchase warrants attached to the non-flow-through shares to purchase 800,000 shares at a price of 20 cents for a two year period. (If the average closing price is at 30 cents or higher for five consecutive trading days at any time after four months and one day after closing, the company may, upon giving notice to the warrantholder, shorten the expiry date of the warrants to 30 days from the date of notice.)

Number of placees:  Eight placees

Insider:  Delbrook Resource Opportunities Fund (Matthew Zabloski), 1.4 million

Finders' fees:  $4,200 and 21,000 finder's warrants payable to Foster & Associates Financial Services Inc.; $42,600 and 234,000 finder's warrants payable to Delbrook Capital Advisors Inc. (Each finder's warrant is exercisable at a price of 20 cents for a two-year period.)

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.