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JB3729

01/03/14 11:32 AM

#1296 RE: grubstake #1294

The offering read trade at $6.00 or higher for more than 10 straight days. This is day 11. The forced conversion is a done deal, IMO.

No shares were sold in U.S. The intraday $6.00 would only apply to ANY.V.

The Warrants shall be subject to an acceleration clause whereby should the Common Shares of the Company trade at $6.00 or more for more than 10 consecutive trading days, the Company has the right to force exercise of the Warrants by providing notice to the warrantholder. The warrantholder will have 20 trading days to exercise the Warrants or they will be forfeited.