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

Number of shares:  542,663 common shares

Purchase price:  $1.20 per common share

Placees:  13 placees

Insiders:  Richard A. Hoel, 315,000; Laurence Gamst, 40,000; Guillaume Clairet, 16,666; Elaine Phenix, 29,166

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