The proceeds of the private placement will be used for debt payment and general working capital. The securities issued under the private placement are subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the private placement. FORWARD-LOOKING INFORMATIONCertain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. The forward-looking statements contained in this news release are made as of the date of this news release.