The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement of subscription receipts that have been converted into common shares, as announced on May 9, 2016, Aug. 23, 2016, and Sept. 20, 2016.

Number of shares:  2,225,000 postconsolidated common shares

Purchase price:  52.5 cents per postconsolidated common share

Number of placees:  one placee

Insider or pro group participation:  nil

Finder's fee:  nil

The company has confirmed that the closing of the private placement via a news release dated Oct. 14, 2016.