The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 31, 2016.
Number of shares: eight million shares
Purchase price: 15 cents per share
Warrants: eight million share purchase warrants to purchase eight million shares
Warrant exercise price: 30 cents for a two-year period; the warrants have an acceleration provision such that if the company's shares close at or above $1 for 20 consecutive trading days, the company may provide notice that the warrants will be cancelled in 14 days
Number of placees: 54 placees
Insider participation: Graham Harris -- one million; Andrew Bowering -- one million; Kyle Stevenson -- one million; Brian Morrison -- 253,333
Total pro group involvement: 375,000
(five placees)
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