2018-05-30 16:41 ET - Shares Delisted from TSX-V

Effective at the close of business on Friday, June 1, 2018, the company's convertible debentures will be delisted from the TSX Venture Exchange due to the company's decision to exercise its option to convert the entire principal amount of the debentures plus accrued interest thereon into common shares at a price of 84 cents. Pursuant to the terms of the debenture indenture dated Feb. 14, 2017, if the volume weighted average price of the common shares of the company for 30 consecutive trading days shall equal or exceed $1.40, the company may elect to exercise its right of mandatory conversion. The mandatory conversion of the debentures occurred on or about March 28, 2018. As a result, the company has 154,952,498 common shares outstanding.

For further information, please refer to the company's news releases dated Feb. 23, 2018, and April 5, 2018.