early warning on sedarDuring the month of January 2017, PenderFund acquired 318,500 Shares, bringing the total number of Shares over which it exercised control and direction to 4,977,200 Shares, approximately 9.4% of the Issuers outstanding Shares. In addition to the Shares, PenderFund also holds 4,235,000 common share purchase warrants (Warrants), each of which is exerciseable into one Share. Assuming exercise of the Warrants, PenderFund would control 9,212,200 Shares, or approximately 16.1% of the Issuers outstanding Shares