The total sale price is USD 854,700 and will close in two tranches. The first tranche of 575 KCC common shares closed with the signing of the Definitive Agreement.

The second tranche (2,200 KCC common shares) is expected to close in February 2016 following, and subject to, TFS shareholder approval. For further information, please see TFS Press Release dated November 11, 2015.

In conjunction with the closing of the first tranche, the Company will be repaying the $250,000 convertible note closed on October 6, 2015 (see TFS Press Release dated October 6, 2015).

Following this announced sale of KCC, the Company intends to move forward with negotiation and finalization of terms to acquire Resideo Properties Inc. ("Resideo"), a privately held real estate company focused on the acquisition, rehabilitation and management of single-family and multi-residential properties in urban and suburban Detroit.

Assuming the successful finalization of the acquisition terms for Resideo, the Company will be seeking regulatory, exchange and shareholder approvals to complete the proposed transaction. The Company will provide further information in due course.

Telferscot Resources Canadian-based mineral exploration company with an equity stake in a company that holds a copper and cobalt exploration project located in the Kolwezi District in the Democratic Republic of the Congo.