|'On July 20, 2016, we completed a private placement of an aggregate of 4,340,000 units at a purchase price of $CDN 0.15 per Unit (the "$CDN 0.15 Unit") for aggregate gross proceeds of|
$505,000 ($CDN 651,000). Each $CDN 0.15 Unit consists of one share of our common stock and one warrant (the "$CDN 0.15 Warrant"). Each $CDN 0.15 Warrant entitles the holder
thereof to acquire one share of common stock at a price of $CDN 0.16 for the period of 36 months from the closing of the private placement. If, commencing on the date that is four
months after the closing of the private placement, the closing price of our common stock on the TSX is higher than $CDN 0.30 for 20 consecutive trading days, then on the 20th
consecutive trading day (the "Acceleration Trigger Date") the expiry date of the $CDN 0.15 Warrants may be accelerated to the 20th trading day after the Acceleration Trigger Date by
the issuance, within three trading days of the Acceleration Trigger Date, of a news release announcing such acceleration.... '
... from sedar 13sep16 ... the other financing had its wts acceleration clause triggered in summer ... so here's two thirds of a million loonies that come in when we stay in the .30s for a month