 Each unit consists of one common share or pre-funded warrant in lieu thereof and one Class A warrant to purchase one common share, and will immediately separate upon issuance. The gross proceeds of the offering to the Company, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately 12.0 million. Each Class A warrant is immediately exercisable for one common share at an exercise price of 0.35 per share and will expire five years from issuance. 