No fractional Qualified Shares will be issued to holders of Subscription Receipts upon exercise of the Rights and any fractional number of Qualified Shares will be rounded up to the nearest whole number. The Subscription Receipts and Rights are deemed to be exercised into Qualified Shares on the date hereof pursuant to the terms of the Subscription Receipt Agreement (as defined herein). The Subscription Receipts were issued on June 29, 2011 (the "Closing Date") at a price of $0.55 per Subscription Receipt for gross proceeds of approximately $24.7 million and offered to purchasers in the Offering Jurisdictions on a private placement basis pursuant to prospectus exemptions under applicable securities legislation (the "Offering") through Paradigm Capital Inc. ("Paradigm") and FirstEnergy Capital Corp., as lead agents, together with a syndicate of agents comprised of Canaccord Genuity Corp., CIBC World Markets Inc., Fraser Mackenzie Limited and Haywood Securities Inc. (collectively the "Agents").