The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced Oct. 4, 2013, and Oct. 28, 2013.

Number of shares:  6.94 million shares

Purchase price:  Five cents per share

Warrants:  6.94 million share purchase warrants to purchase 6.94 million shares

Warrant exercise price:  10 cents for a one-year period; 15 cents in the second year; 20 cents in the third year

Number of placees:  Nine placees

Insider:  Avis Financial Corp., 2.92 million

Finder's fee:  250,000 common shares payable to Quantum Economic Development Ltd.