The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

Convertible debentures:  aggregate principal amount of $865,000

Conversion price:  The principal is convertible into common shares at a conversion price of 37 cents per common share.

Maturity date:  May 18, 2025

Interest rate:  10 per cent per annum

Warrants:  865,000 common share purchase warrants to purchase 865,000 common shares

Warrant exercise price:  45 cents per common share until Nov. 18, 2024

Number of placees:  eight placees

Total pro group involvement:  40,540 (one pro group)

Finder's fee:  $15,500

The company has confirmed the closing of the private placement in a news release dated May 18, 2023.

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.