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

Number of shares:  1,041,666 common shares

Purchase price:  $1.20 per common share

Placees:  three placees

Insiders:  Frederic Dugre, 625,000; Guillaume Clairet, 208,333; Marc Blanchet, 208,333

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