Further to previous communications and numerous recent discussions with shareholders, we are providing an update on recent activity.

CCAA Process – As you will be aware the Creditors approved the Company’s Plan at their December 12, 2019 meeting, in accordance with CCAA requirements. The Plan was supported by 98% of Affected Creditors and 97% of the value of Affected Claims. Court sanctioning and approval of the Plan was obtained at a December 19, 2019 hearing.

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