The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 10, 2014, Aug. 25, 2014, and Oct. 6, 2014.

Convertible debenture:  $7,000,882

Conversion price:  Convertible into 127,288,764 common shares at a conversion price of 5.5 cents

Maturity date:  Three years from date of issuance

Warrants:  35,004,410 warrants to be issued to the subscribers (Each warrant will have a term of four years from the date of issuance of the debentures and entitle the holder to purchase one common share. The warrants are exercisable at the price of 7.5 cents in the first year of exercise, and at 10 cents in the second, third and fourth year of exercise.)

Interest rate:  10 per cent per year, with up to 50 per cent to be settled by way of share issuance (Any such share issuance will be subject to the prior approval of the exchange.)

Number of placees:  14 placees

Insiders:  Peter Espig, $55,000; Concept Capital Management (Bernd Hoegel), $5.85-million

Total pro group involvement:  $45,000 (one placee)

Finders' fees:  $19,360 payable to Redplug Capital Corp., with 352,360 warrants exercisable on the same terms as above; $3,600 payable to CIBC World Markets/Gundyco, with 65,455 warrants exercisable on the same terms as above