The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement for Avidus Management Group Inc. announced July 16, 2014:

Number of shares:  7,091,700 shares

Purchase price:  10 cents per share

Warrants:  7,091,700 share purchase warrants to purchase 7,091,700 shares

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

Placees:  11

Insider:  Douglas Ridley 214,900