The TSX Venture Exchange has accepted for filing the company's proposal to issue 1,438,205 common shares to settle outstanding debt for $394,462.50.

Number of creditors:  One creditor

Insider:  Resource Capital Fund V LP, $394,462.50, 1,438,205 shares at 27.43 cents

For further details, please refer to the company's news release dated July 15, 2013.