Effective Aug. 19, 2014, the company's short form base shelf prospectus dated June 23, 2014, and prospectus supplemental dated Aug. 13, 2014, was filed with and accepted by the TSX Venture Exchange, and filed with and, as applicable, receipted by among others, the British Columbia Securities Commission, pursuant to the provisions of the Securities Act.

The TSX Venture Exchange has been advised that closing occurred on Aug. 19, 2014, for gross proceeds of $6,304,000 (U.S.).

Agents:  Macquarie Capital Markets Canada Ltd., Loewen Ondaatje McCutcheon USA Ltd., Tempest Capital Corp., H.C. Wainwright & Co. LLC

Offering:  9.85 million shares

Share price:  64 U.S. cents per share

The agents will receive a total fee of $378,240 (U.S.) cash.

Further information may be found in the company's news release dated Aug. 19, 2014.