The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 20, 2012.

Number of shares:  197.5 million shares

Purchase price:  18 cents per share

Warrants:  197.5 million share purchase warrants to purchase 197.5 million shares

Warrant exercise price:  20 cents for a two-year period

Number of placees:  10 placees

Insider:  Fan Zhong Kong, 17,555,555

Finders' fees:  $1,125,000 cash and 6.25 million units (comprising one share and one warrant exercisable at 20 cents for two years), payable to Guardsmart Ltd. (Justin Kwei); 18.75 million units (comprising one share and one warrant exercisable at 20 cents for two years), payable to Wave Capital Investment Ltd. (Emily Kong)