Pursuant to the First Tranche, the Corporation issued 4,565,714 Units at a price of $0.70 per Unit. Each Unit consists of one ordinary share of the Corporation (each, a "Share") and one-half of one Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one additional Share at a price of $1.05 for a period of 18 months following the closing date of the Offering. The Shares and Warrants issued under the Offering, as well as any Shares issuable on exercise of the Warrants, are subject to a statutory hold period of four-months and one day from the closing date in accordance with applicable Canadian securities laws. Completion of the First Tranche is subject to receipt of final approval of the TSX Venture Exchange ("TSXV"). In connection with the Offering, Alpha paid cash finder's fees of $1,120 to Canaccord Genuity Corp., and $980 to Red Cloud Securities Inc., in accordance with TSXV policies. Certain insiders of the Corporation participated in the Offering.