On May 28, 2013, Probe Mines Limited (“Probe”) closed a bought deal private placement of 7,500,000 units (“FT Units”) at a price of $2.00 per FT Unit for gross proceeds of $15,000,000 (the “Offering”). Each FT Unit consisted of one common share, issued on a flow-through basis, and three-quarters of one common share purchase warrant (each whole such warrant, a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of Probe at a price of $2.10 until May 28, 2015. The Offering was conducted on an underwritten basis through a syndicate co-led by Cormark Securities Inc. and BMO Nesbitt Burns Inc.

Peterson Law acted for Probe with a team that included Dennis Peterson, Steven Agnew and Joel Freudman.