The TSX Venture Exchange has accepted for filing documentation withrespect to the second and final tranche of a non-brokered privateplacement announced June 2, 2011.
Shares: 15,585,000 flow-through shares
Price: 13 cents
Warrants: 7,792,500 share purchase warrants to purchase 7,792,500 shares
Exercise price: 20 cents for a two-year period
Hidden placees: four
Finder's fee: Dundee Securities Ltd. will receive a finder's fee of$120,000 and 1,538,500 warrants that are exercisable into one commonshare at a price of 13 cents per share for a two-year period.