The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced Nov. 30, 2012, as amended Dec. 12, 2012.

Number of shares:  18,501,000 shares

Purchase price:  16 cents per share

Warrants:  18,501,000 share purchase warrants to purchase 18,501,000 shares

Warrant exercise price:  25 cents for a two-year period

Number of placees:  25 placees

Pro group:  Rann Cannon, 50,000

Finders' fees:  $35,168 payable to Redplug Capital Corp., with 219,800 warrants exercisable at 25 cents for two years; $2,581 payable to Haywood Securities Inc., with 16,135 warrants exercisable at 25 cents for two years; $1,041.60 payable to Jennings Capital Inc., with 6,510 warrants exercisable at 25 cents for two years; $49,000 payable to Global Market Development, with 306,250 warrants exercisable at 25 cents for two years; $840 payable to Leede Financial Markets, with 5,250 warrants exercisable at 25 cents for two years; $106,260 payable to MSL Capital Markets Ltd.; 664,125 warrants issuable to Duncan Priest, exercisable at 25 cents for two years