Nice share structureOn August 8, 2016 the Company announced that it had arranged two non-brokered private placements in the aggregate amount of $1,500,000. The first placement is a non-brokered private placement of 14,285,714 units at a price of $0.035 per unit for aggregate gross proceeds of $500,000. Of these units, 7,571,428 units are flow-through units consisting of one common share of the Company and one common share purchase warrant providing the subscriber with the right to purchase one additional flow-through common share at a price of $0.05 per flow-through share for a period of twelve months from closing of the Offering extendable to five (5) years from the date of closing should the Company’s listing be elevated to a Tier 2 Listing on the TSX Venture Exchange (the “Exchange”). The remainder of this offering consisting of 6,714,286 units for aggregate proceeds of $235,000 will be a non-flow through units offering with each unit consisting of one common share and one share purchase warrant providing the subscriber with the right to purchase one additional common share also exercisable at a price of $0.05 per share for a period of twelve months from closing of the Offering also extendable to five (5) year term from the date of closing should the Company’s listing be elevated to a Tier 2 Listing on the Exchange. The second private placement in the amount $1,000,000 will consist of a non-brokered offering of 20,000,000 units at a price of $0.05 per unit. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant will be exercisable into one Common Share at a price of $0.05 per share for a period of twelve months from closing also extendable to five (5) year term from the date of closing should the Company’s listing be elevated to a Tier 2 Listing on the Exchange. A TSXV waiver was obtained for the $0.035 pricing of the first placement. Shareholder approval was obtained for the creation of two control blocks of shares. Both private placements are subject to acceptance for filing by the Exchange.