The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 3, 2013.

First tranche

Convertible debenture:  $3.4-million

Conversion price:  Convertible into common shares at 35 cents per share in year 1, at 70 cents per share in year 2 and at $1 per share in year 3

Maturity date:  Three years from the date of issuance

Interest rate:  12 per cent per year

Number of placees:  Nine placees