Securities Act, unless registered under the U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Such securities have not been, and will not be, registered under the U.S. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. The Company will issue a further release upon receipt of the approval of the TSXV. The Proposed Amendments are subject to all required third party approvals including, without limitation, the approval of the TSX Venture Exchange (the "TSXV"). No other terms of the Debentures are proposed to be amended. Decreasing the exercise price of the common share purchase warrants forming part of the units issuable on conversion of the Debentures from $0.35 per common share to $0.32 per common share provided, however, that this amendment will not apply to Debentures held by insiders of the Company.Increasing the interest rate under the Debentures from 10% to 12% per annum and.
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