Financing type:  brokered private placement

Gross proceeds:  $3.5-million

Offering:  12,980,769 common shares with 6,490,384 warrants attached (LIFE units); 12,083,333 common shares with 12,083,333 warrants attached (non-LIFE units)

Offering price:   13 cents per common share (LIFE units); 15 cents per common share (non-LIFE units)

Warrant exercise terms:  20 cents per listed share for a three-year period (LIFE units); 25 cents per listed share for a three-year period (non-LIFE units)

Commissions in securities:  296,428 warrants