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

Shares:  21,843,142

Price:  17.5 cents

Warrants:  21,843,142 warrants to purchase 21,843,142 common shares

Exercise price:  25 cents per share for a 36-month period

Placees:  25

Finders' fees:  Mackie Research Capital Corp., Dundee Securities Ltd., PowerOne Capital Markets Limited, CWN Capital Inc., Stefan Muller, Helmut Finger and Stefan Reifler collectively received a cash commission of $266,174 and non-transferable warrants to acquire 1,325,794 units at an exercise price of 25 cents per unit for a period of 24 months following the closing of the offering. Each unit equals one common share and one warrant having an exercise price of 25 cents per share for 36 months following the closing date.

The company has issued news releases announcing the closing of the private placement on June 3, 2015, and July 13, 2015.