Purchase Price

Purchase Price. The consideration for the purchase of the Acquired Interest shall consist of: (a) 54,027,783 common shares of the Parent (the " Parent Shares ") issued at a price equal to the closing price of the Parent Shares on the TSX Venture Exchange on the trading day immediately prior to the Closing Date (the Parent Shares multiplied by such price being the " Parent Shares Consideration Price "). The Parent Shares shall be issued at the Closing Time to the Vendor in the name of the Vendor and be represented by a DRS (Direct Registration System) certificate; and (b) (i) one additional common share of the Parent issued to the Purchaser for each share issued by the Parent upon exercise of any outstanding convertible or exchangeable securities as at the date of this Agreement (other than outstanding stock options as at the date of this Agreement), with such common shares to be issued to the Purchaser as and when such common shares are issued by the Parent on conversion or exchange of such convertible or exchangeable securities); and (ii) such additional common shares of the Parent as are equal to the number of common shares issued by the Parent to raise the balance of Sole Funding Amount, multiplied by 51/49, and issued to the Purchaser at the same time as the shares issue to raise the Sole Funding Amount (the " Sole Fund Shares ").