Effective May 17, 2018, the company's shelf prospectus supplement dated May 16, 2018, was filed with and accepted by the TSX Venture Exchange. The units were offered by way of a shelf prospectus supplement filed in all of the provinces of Canada, except Quebec, pursuant to National Instrument 44-101.

The TSX Venture Exchange has been advised that closing occurred on May 23, 2018, for gross proceeds of $16.8-million.

Agents:  none

Offering:  four million units (Each unit consists of one share and one share purchase warrant.)

Unit price:  $4.20 per unit

Warrant exercise price/term:  $5.20 per share for 18 months

Agents' warrants:  not applicable

For further details, please refer to the company's news release dated May 23, 2018.