Further to TSX Venture Exchange's bulletin dated April 22, 2022, the exchange has accepted for filing documentation with respect to the amendment of the acquisition whereby the company has issued a secured convertible promissory note in the amount of $26,632,458 (U.S.), inclusive of accrued interest, to defer a $25-million (U.S.) current liability originally payable under the acquisition to a non-arm's-length party (the vendor).

The note bears interest at the rate of 7 per cent and is valid until Oct. 19, 2028 (the maturity date). At any time at or prior to the maturity date, the vendor may elect to convert the unpaid principal amount into common shares of the company at a price per share equal to 73 cents, subject to the vendor, and its affiliates, not holding more that 19.99 per cent of the total outstanding common shares of the company on a non-diluted basis as of the date of such conversion.

For further details, please refer to the company's news releases dated May 30, 2023, July 5, 2023, Sept. 13, 2023, Sept. 21, 2023, Oct. 19, 2023, and Nov. 27, 2023.