SUBSEQUENT EVENTS

a) On July 3, 2013 the Company obtained receipt from the Ontario Securities Commission for a Long Form Prospectus filed on July 2, 2013 (the prospectus). The prospectus has been filed under Multilateral Instrument 11-102 Passport System in British Columbia and Alberta.

b) On June 12, 2013, the Company entered into an Agreement with a former director and CEO of the Company. In accordance with the terms of an Agreement, the Company agreed to pay a fee of CAD $80,000 pursuant to which the former director and CEO agreed to deposit in escrow 2,300,000 Common Shares of the Company owned by him as required by the policies of the TSXV with respect to seed share resale restrictions and as a condition precedent to the TSXV issuing its final acceptance for listing of the Common Shares on the TSXV. The Company will make payment within 2 business days following closing of the Initial Public Offering (“IPO”) in Canada.