TheTSX Venture Exchange has accepted for filing documentation with respectto a brokered private placement announced Feb. 15, 2011, and Feb. 16,2011:
Number of shares: 15 million shares
Purchase price: 10.5 cents per share
Warrants: 15 million share purchase warrants to purchase 15 million shares
Warrant exercise price: 15.5 cents for a two-year period
Number of placees: 86 placees
Pro group participation: Frank Stronach 130,000,Lynn Casper 50,000,Fred Hofman 200,000,Sandra Todd 50,000,David Taylor 70,000,Campbell Becher/Sara Illidge 500,000,Anthony Oram 300,000,G. Ross Henderson 100,000,Kim Sorenson 50,000
Agents' fees: $57,553.13 cash and 548,125 warrants payable to Union Securities Ltd.,$3,346.88 cash and 31,875 warrants payable to Macquarie Private Wealth,$5,355.00 cash and 51,000 warrants payable to PI Financial,$1,338.75 cash and 12,750 warrants payable to NCP Northland Capital Partners Inc.,$6,693.75 cash and 63,750 warrants payable to Canaccord Genuity Corp.,$4,462.50 cash and 42,500 warrants payable to Haywood Securities Inc.
Agent's fee warrants are exercisable at 15.5 cents per share for two years.