The TSX Venture Exchange has accepted for filing the company's proposal to issue 15 million non-transferable bonus warrants, with each warrant entitling the holder to acquire one common share of the company at $1.30 until July 11, 2025, to a non-arm's-length party and certain arm's-length parties in consideration of a credit facility of $15-million (U.S.). The facility bears an interest rate of 6 per cent per annum and matures on July 11, 2025.

For additional details, please refer to the company's news releases dated July 12, 2023, and July 19, 2023.