First tranche financing facility value: $8-million (U.S.)
Second tranche financing facility value: $2-million (U.S.)
New total financing facility value: $10-million (U.S.)
First tranche bonus securities: 87.04 million warrants
Warrants terms: Each non-transferable warrant is exercisable to acquire one common share at 6.25 cents until July 3, 2028, subject to an acceleration clause.
Second tranche bonus securities: 14,905,298 warrants
Warrants terms: Each non-transferable warrant is exercisable to acquire one common share at 9.3 cents until July 3, 2028, subject to an acceleration clause.
Disclosure: Refer to the company's news releases dated April 10, 2025, June 18, 2025, June 26, 2025, July 3, 2025, and Sept. 10, 2025.
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