MDR

MDR: The Company is currently evaluating the Proposed Acquisitions and the structure of the Proposed Acquisitions. No offer price has been made yet for the acquisitions. According to the last financial statements released for 3Q12, Company has $13m cash on hand. Company still has 4b warrants at exercise price of 0.5¢ outstanding, expiry on 25 Sep 2014- translating to approximately $20.7m on full conversion.