Financing type: non-brokered private placement
Gross proceeds: $506,750
Offering: 10,135,000 units with 10,135,000 warrants attached
Offering price: five cents per unit
Warrant exercise terms: five cents per listed share in the first year, and 10 cents in the second and third years, for a period of three years from the date of closing (subject to an acceleration clause)
Aggregate pro group involvement: 500,000 units (one pro group)
Aggregate insider involvement: 240,000 units (one insider)
Finders' fees: $19,250 cash and 231,000 finders' warrants
Commission terms: Each finder's warrant is exercisable at five cents in the first year and 10 cents in the following two years, for a period of three years from the date of closing.
Refer to the company's news releases dated Jan. 5, 2026, Jan. 27, 2026, Jan. 30, 2026, and March 11, 2026.
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