TSX Venture Exchange Daily Bulletins

The Company shall issue a news release when the shares are issued and the debt extinguished.

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The Company shall issue a news release when the shares are issued and the debt extinguished.

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Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.

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The Issuer has declared the following dividend:

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Bourse de croissance TSX a accept le dpt de la documentation en vertu d’un placement priv sans l’entremise d’un courtier, tel qu’annonc le 28 mai 2014:

La socit a confirm la clture du placement priv mentionn ci-dessus dans le cadre d’un communiqu de presse dat du 30 juin 2014.

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The delisting of the Company’s shares is a result of the proposed amalgamation (the “Amalgamation”} between the Company and 0998803 B.C. Ltd. (“Newco”), a company incorporated by Far East Forest Industry Inc. (the “Acquiror”), to form a successor Baikal Forest Corp. (“Amalco”).

Subsequent to the Amalgamation, Amalco will be a private company that is wholly-owned by the Acquiror and the Supporting Shareholders.

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A finder’s fee will be paid to PI Financial Corp. of a cash fee equal to 3.5% of the gross proceeds of the streaming agreement payable as 25% at closing, 25% four months from the date of closing and 50% payable eight months from closing.

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Additionally, the Exchange has accepted for filing an aggregate bonus of 145,454 bonus shares to be issued to the Lenders in connection with the Debenture.

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The Company has changed its name as follows. There is no consolidation of capital.

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The rest of the Bulletin remains unchanged.

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Completion of the Transaction is subject to a number of conditions, including but not limited to TSX Venture Exchange Inc. acceptance. There is a risk that the Transaction will not be accepted or that the terms of the Transaction may change substantially prior to acceptance.

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The rest of the bulletin remains unchanged.

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In addition, the Company issued 4,302,546 common shares of the Company (“Placed Shares”) at a price of 0.685 per Placed Share to a sole subscriber under the Offering.

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SOURCE TSX Venture Exchange