Investor Info

Financing History

April 19, 2012

Private Placement – 3,500 units at $10,000 per unit

Each Unit consists of a senior secured note of the Company with a par value of $10,000 and bearing interest at a rate of 11.5% per annum and one common share purchase warrant at a price of $0.20 per Common Share until April 19, 2015

$35,000,000

June 9, 2011

Bought Deal Financing–157,999,500 units at $0.20 per unit.

Each unit consists of one share and one half warrant. Each full warrant entitles the holder to purchase an additional share at $0.35 until May 9, 2014.

$31,599,900

November 17, 2010

Bought Deal Financing – 71,875,000 units at $0.40 per unit

Each unit consists of one share and one half warrant. Each full warrant entitles the holder to purchase an additional share at $0.60 until November 17, 2012.

$28,750,000

November 4, 2009

Private Placement – 28,600,000 units at $0.70 per unit

Each unit consists of one share and one warrant entitling the holder to purchase an additional share at $1.25 until November 4, 2014.

$20,020,000

October 22, 2009

Private Placement – 180,000,000 units at $0.25 per unit

Each unit consists of one share and one warrant entitling the holder to purchase an additional share at $0.75 until October 8, 2014.

$45,000,000