The company's base shelf prospectus dated Oct. 6, 2016, was filed with and accepted by the TSX Venture Exchange on Oct. 26, 2016, and filed with and receipted by the Alberta, British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, and Ontario securities commissions on Oct. 7, 2016, pursuant to the provisions of the respective securities acts. The TSX Venture Exchange has also accepted the filing of the company's first prospectus supplement (dated Oct. 28, 2016).

The TSX Venture Exchange has been advised that closing occurred on Nov. 2, 2016, for gross proceeds of $12,528,000.

Agents:  Rodman & Renshaw and Cormark Securities Inc.

Offering:  34.8 million units (Each unit consists of one common share and one common share purchase warrant.)

Unit price:  36 cents per unit

Warrant exercise price and term:  Each whole warrant entitles the holder to acquire one common share of the company at a price of 52 cents for a period of five years.

Agents' fees:  A cash commission equal to $876,960 has been paid to the agents.