Equity Private PlacementThe Company issued an aggregate of 1,031,250,000 common shares in the capital of the Company (the "Common Shares") at a price of $0.16 per Common Share for aggregate gross proceeds of $165.0 million (the "Private Placement"). All Common Shares issued pursuant to the Private Placement are subject to a four-month statutory hold period under applicable Canadian securities laws. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTSCertain statements made in this news release contain "forward-looking information" and "forward-looking statements" as defined in applicable securities laws. The foregoing is not exhaustive of the factors that may affect any of our forward-looking statements. All forward-looking information and statements contained or incorporated by reference in this news release are qualified by the foregoing cautionary statements.