Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of C$0.44 per Common Share at any time during the 24-month period following the closing date. The brokered portion of the Offering was completed through a syndicate of agents led by Haywood Securities Inc., and including Canaccord Genuity Corp. and Red Cloud Securities Inc. Ross Beaty subscribed for approximately C$2.5 million of the non-brokered portion of the Offering. The Company plans to use the net proceeds from the Offering to drill approximately 10,200 metres at the Condor North area of its Condor Project, update the mineral resource estimate for the Condor Project and for general corporate purposes. The Units issued under the Brokered Offering were offered to purchasers pursuant to: (i) the accredited investor exemption under National Instrument 45-106 – Prospectus Exemptions, and (ii) the listed issuer financing exemption under Part 5A of NI 45-106, in all the provinces of Canada, except Quebec.