On April 12, 2013, the TSX Venture Exchange
("TSX-V") extended to August 31, 2013,
temporary relief from certain pricing requirements related to
private placement financings that were originally granted on August
17, 2012, and extended and modified on December 12, 2012.
The temporary relief measures (the "Relief
Measures") are:
- allowing a share/unit offering with an offering price below
$0.05 (the "Offering Price Relief
Measure");
- allowing a debenture offering with a debenture conversion price
below $0.10 (the "Conversion Price Relief
Measure");
- allowing offerings involving a warrant with an exercise price
below $0.10 (the "Exercise Price Relief
Measure"); and
- with respect to the Offering Price Relief Measure and the
Conversion Price Relief Measure, up to $50,000 of the gross
proceeds raised by an issuer in reliance upon these Relief Measures
can be used for general working capital purposes and is not subject
to the "Maintain/Preserve Existing Business"
