Diversified Industries

Metalo is the largest shareholder in the privately owned firm Grand River Ironsands Incorporated (GRI), with a 44.34% ownership of GRIs common shares. Effectively it represents an indirect shareholding in the private company North Atlantic Iron Corporation (NAIC) (project joint venture) of 27.6%. Recent investments in NAIC were at a US$80 million valuation. NAIC is focused on developing a plant to be a low cost producer of a high purity pig iron. The technology will be designed to ensure it reduces emissions normally associated with steel makers. After an investment of nearly $40 million over seven years, the key mission of the project is to become the first major North American producer to supply the domestic steel and foundry markets. The current North American market imports 3-5 million tonnes per annum of pig iron. Metalo, with its substantive shareholding in GRI, and indirectly NAIC, is poised to benefit from the efforts to date in this unique business opportunity.

Namaste Technologies is a global leader in medical cannabis delivery systems, with operations in over 20 countries. Namaste has developed innovative technology platforms including NamasteMD.com, Canada's first ACMPR compliant telemedicine application. The company's subsidiary, Cannmart Inc. is a late-stage ACMPR applicant for a medical cannabis "sales-only" license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers.

Park Lawn Company Limited owns a 20% interest in the 2.9 acre parcel of land at 57 Linelle Street.  Mattamy Development Corporation acquired the remaining 80% interest and the Company has entered into a joint venture with Mattamy Development Corporation for the development of the land. The proposed development plan, which has been submitted to the City of Toronto, provides for the construction of 25 town homes. The Company holds a VTB mortgage from Mattamy Finance Corporation. The Company holds 37,092 shares in Park Lawn Corporation which formed part of the repayment of the Promissory Note that was payable by Park Lawn Corporation to the Company.

PrimeWest was incorporated as a Mortgage Investment Corporation in 2005. PrimeWest lends on security of mortgages on real properties situated in the Provinces of Saskatchewan, Manitoba, Alberta and British Columbia. As an alternative mortgage lending company, the mortgages transacted by PrimeWest do not generally meet the underwriting criteria of conventional lenders. PrimeWest is based in Saskatoon, Saskatchewan and is a reporting issuer in the Provinces of British Columbia, Alberta, Saskatchewan and Ontario.