The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a discretionary relief non-brokered private placement announced Feb. 25, 2015.

Number of shares:  8.5 million shares

Purchase price:  3.5 cents per share

Warrants:  8.5 million share purchase warrants to purchase 8.5 million shares

Warrant exercise price:  10 cents for a two-year period

Number of placees:  Two placees

Insiders:  Alpha North Asset Mangement (Joey Javier), 7.5 million

Total pro group involvement:  One million (one placee)

Finder's fee:  Raymond James Ltd., $1,750 cash payable