 The placement will consist of approximately 6.3 million common shares the Shares priced at CAD1.60 per Share to be issued to accredited investors in Canada and overseas. In conjunction with the equity placement, the Company has agreed with the lender under a September 2019 bridge loan see September 13, 2019 news release to amend the loan to add mutual conversion rights of the loan into common shares. The loan terms will provide the lender with a convertibility right into common shares, on the 3 million that has been advanced to-date, at the placement price of 1.60, however, the lender may be required to convert if the Companys shares trade on the TSX at a price of 2.50 or more for any five consecutive trading days prior to the loans maturity date. 