The company has announced it will offer to shareholders of record on June 3, 2016, rights to purchase common shares of the company. One right will be issued for each common share held. Each right and five cents are required to purchase one common share. The expiry date for the rights offering is June 29, 2016. As at May 30, 2016, the company had 73,642,790 shares issued and outstanding.

Effective at the opening on June 1, 2016, the common shares of the company will trade ex rights. The rights will not be listed for trading.

Summary:

Basis of offering:  one right exercisable for one common share at five cents per share

Record date:  June 3, 2016

Shares trade ex rights:  June 1, 2016

Rights called for trading:  not applicable

Rights trade for cash:  not applicable

Rights expire:  June 29, 2016, 4 p.m. (EST)

Rights Cusip No.:  60447G141

Subscription agent and trustee:  Computershare Investor Services Inc.

Authorized jurisdiction(s):  all provinces and territories in Canada

For further details, please refer to the company's rights offering circular dated May 30, 2016.

The company's rights offering circular has been filed with and accepted by the TSX Venture Exchange.