The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 20, 2016.

Number of shares:  8.55 million shares

Purchase price:  27 cents per share

Warrants:  8.55 million share purchase warrants to purchase 8.55 million shares (of which 7.75 million are Class A warrants and 800,000 are Class B warrants)

Warrant initial exercise price:  30 cents for Class A warrants and 33 cents for Class B warrants

Warrant term to expiry:  two years

Number of placees:  73 placees

Insiders:  Joseph Grosso, 1.4 million

Total pro group involvement:  550,000 (six placees)

Finders' fees:  Leede Jones Gable, $945 cash and 3,500 warrants; Amandla S.A. (Jorge Nunez), $6,976.76 cash and 25,842 warrants; Wolverton Securities Ltd., $699.30 cash and 2,590 warrants; Canaccord Genuity Corp., $6,615 cash and 24,500 warrants; Skanderbeg Capital Advisors (Carson Seabolt and Mario Vetro), 44,697 shares and 44,697 warrants; Eventus Capital, $29,295 cash and 108,500 warrants; Sal Western Enterprises Inc. (Carson Seabolt and Mario Vetro), 117,567 shares and 117,567 warrants; NBCN Inc., $3,780 cash and 14,000 warrants

Finder's warrant initial exercise price:  30 cents

Finder's warrant term to expiry:  two years from issue

Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.