Following the acquisition noted in paragraph 2, the Offeror beneficially owned

53,191,489 Common Shares, representing approximately 16.38% of the currently

outstanding Common Shares, and Warrants to acquire 106,382,978 Common Shares

which, if exercised, would result in the Offeror beneficially owning approximately

37.02% of the then issued and outstanding Common Shares on a partially diluted basis.