Common use of Public Listing Clause in Contracts

Public Listing. The Company intends to cause its Shares to be listed on an Exchange within 6 to 12 months of the date hereof, subject to market conditions and an appropriate use of proceeds. In connection therewith, the Parties acknowledge and agree that the Company has prepared (i) a draft preliminary prospectus, and (ii) the corporate mandates and policies required for a TSX Venture Exchange listing. For clarity, the actual filing of a preliminary prospectus and the approval (and effective date) of any mandates and policies will be at the sole discretion of the Board.