Private Placement Cormark Securities Inc. and GMP Securities L.P. have been appointed lead agents on behalf of a syndicate of agents including Canaccord Genuity Corp. and Haywood Securities Inc. (collectively, the "Agents") for the Private Placement, which will consist of subscription receipts (the "Subscription Receipts") on an agency basis for up to $56 million at a price of $0.50 per Subscription Receipt (the "Issue Price"). The Agents have also been granted an over-allotment option to solicit buyers for up to an additional 15% of Subscription Receipts at the Issue Price, exercisable in whole or in part at any time on or prior to 24 hours prior to closing of the Acquisition Transaction. Each Subscription Receipt will be convertible into one common share in the capital of the Corporation upon satisfaction of certain release conditions (the "Release Conditions"), including obtaining all necessary regulatory approvals and satisfying conditions to the completion of the Acquisition Transaction.