Each unit will still be issued at a price of US$0.20 per Unit, for total gross proceeds of up to US$10,000,000, and each unit will still be comprised of one common share in the capital of the Company and one-half of one common share purchase warrant, with each warrant entitling the holder thereof to purchase an additional common share at an exercise price of US$0.30 per warrant share for a period of two years from the date of issue.
The net proceeds of the offering will still be used by the company for working capital and general corporate purposes.
Finder's fees will continue to be payable in connection with any portion of the Offering in accordance with TSX Venture Exchange policies, and the Offering remains subject to prior acceptance by the TSX Venture Exchange.
