The TSX Venture Exchange has consented to the extension in the expiry date of the following warrants.
Private placement
Number of warrants: (1) five million; (2) two million
Original expiry date of warrants: (1) March 7, 2018 (extended to March 7, 2019, and March 7, 2020); (2) March 17, 2018 (extended to March 17, 2019, and March 17, 2020)
New expiry date of warrants: (1) Aug. 14, 2020; (2) Aug. 14, 2020 (subject to accelerated exercise provision in the event the company's closing price is greater than 12 cents for 20 consecutive trading days)
Exercise price of warrants: eight cents
These warrants were issued pursuant to a private placement of seven million shares with seven million share purchase warrants attached, which was accepted for filing by the exchange effective March 9, 2016 (as to five million units), and March 22, 2016 (as to two million units).
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