Share Structure

as of October 9, 2018

Shares Outstanding:37,320,960
Repriced Warrants at $0.225:
(exp Nov. 08, 2018)*2,226,706$501,009
(exp Jun. 28, 2019)*2,098,315$472,121
(exp Jun. 08, 2020)**17,833,318$4,012,497
Agent Warrants at $0.37 (average price):778,907$288,044
Share Options at $0.24 (average price):2,981,664$714,749

Accelerator Clauses:

*These warrants are subject to an accelerator clause such that, in the event that the common shares of the Company trade at a closing price greater than $0.28 per share for a period of 10 consecutive days, the Warrant holders must exercise their Warrants within the next 30 days, or the Warrants will expire.

**These warrants are subject to an accelerator clause such that, in the event that the common shares of the Company trade at a closing price greater than $0.42 per share for a period of 10 consecutive days, then the Company may deliver a notice to the Warrant holders that they must exercise their Warrants within the next 30 days, or the Warrants will expire.


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