Geberi, Ltd. entered into an agreement for a private placement of 14,000,000 subscription receipts which are convertible into units at a price of CAD 0.25 for gross proceeds of CAD 3,500,000 on July 27, 2018. Each unit is to be comprised of and convertible into one common share at a price of CAD 0.25 per unit and one-half of one common share purchase warrant at a price of CAD 0.40 per unit. The transaction is subject to the approval of shareholders and TSX Venture Exchange.