Prior to the completion of the qualifying transaction, Mettrum Ltd. completed a private placement offering of Mettrum 13.8 million subscription receipts (with each subscription receipt automatically exchangeable for one Mettrum Health Corp. share and one Mettrum warrant) for gross proceeds of $34.5-million. Upon completion of the QT, the 13.8 million Mettrum subscription receipts were ultimately exchanged into the following securities of the resulting issuer.

Number of shares:  13.8 million common shares

Purchase price:  $2.50 per subscription receipt

Warrants:  13.8 million share purchase warrants to purchase shares

Warrant exercise price and term:  $3.50 for a one-year period

Number of placees:  116 placees

Insider:  John O'Sullivan, 200,000

Total pro group involvement:  444,700 (15 placees)

Agent's fee:  $2.07-million cash commission and 828,000 broker warrants, in total, paid and issued to Cormark Securities Inc. and the other agents of the private placement (Each broker warrant is exercisable into one common share at $2.50 per share until July 29, 2016.)

Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.