The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement.

Number of shares:  1.68 million common shares

Purchase price:  8.5 cents per common share

Warrants:  840,000 warrants to purchase 840,000 common shares

Warrant exercise price:  10 cents until Dec. 31, 2017

Number of placees:  13 placees

Insiders:  Renaud Hinse, 10,000 shares; Marc Filion, 20,000 shares; Normand Hinse, 180,000 shares; Systeme Electronique Rayco Ltee (Normand Hinse), 600,000 shares

Finders' fees:  nil

The company has confirmed the closing of the above-mentioned private placement by way of the press release dated Jan. 4, 2017.