Pursuant to the early warning requirements of applicable Canadian securities laws, Gil Playford), at a deemed price of $0.033 per Common Share, in connection with a private placement offering by the Company (the"Immediately prior to the closing of the Offering, Mr. Playford, had ownership and direction or control over 9,875,303 Common Shares which represented 7.53% of the 131,122,173, then outstanding Common Shares of the Company on a non-diluted basis. Mr.
Mr. Playford, together with the LP, acquired the Common Shares in connection with the Offering and were acquired for investment purposes. Mr.
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