The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement.

Number of shares:  17,633,333 common shares

Purchase price:  $1.20 per common share

Placees:  34 placees

Insiders:  Investissement Quebec, 3,625,000; Caisse de depot et placement du Quebec, 3,167,000; Elaine Phenix, 12,500; Cote Membrane Separation Ltd. (Pierre Cote), 41,666

Underwriters' fees:  GMP Securities LP and Beacon Securities Ltd. collectively received an aggregate of $1,054,750.02 in cash.

The company has announced the closing of the above-mentioned private placement pursuant to a news release dated July 26, 2016.