The company's short form base shelf prospectus dated Aug. 18, 2025, was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission, pursuant to the provisions of the Securities Act (British Columbia), and the Ontario Securities Commission, pursuant to the provisions of the Securities Act (Ontario) on Aug. 19, 2025. The base shelf prospectus has been filed under Multilateral Instrument 11-102 -- Passport System in Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador, Yukon, Nunavut, and Northwest Territories. A receipt for the base shelf prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of MI 11-102 have been satisfied.
Further to an at-the-market offering of common shares of the company made pursuant to the company's prospectus supplement dated Sept. 14, 2026, to the base shelf prospectus, the exchange has accepted for filing documentation with respect to the sales set out below under the ATM distribution. The company raised aggregate gross proceeds of $5,611,488 pursuant to the ATM distribution from Sept. 14, 2026, to Oct. 13, 2026, as set out below.
The exchange has been advised by the company those sales under the ATM distribution occurred for gross proceeds of $5,611,488.
Agents: Research Capital Corp., as lead agent on its own behalf, and on behalf of BMO Nesbitt Burns Inc., Canaccord Genuity Corp., National Bank Financial Inc. and Raymond James Ltd.
Offering:
4,804,900 shares in aggregate during the period
Share price: varying prices during the period, with an average sale price of $1.17 per share
Agents' warrants: none
Overallotment option: none
Agents' commission: 2.5 per cent of the gross proceeds of the offering, being $140,287 in aggregate for the period
For further information, please refer to the prospectus and the company's news releases dated Sept. 14, 2026, and Oct. 13, 2026, which are available under the company's SEDAR+ profile.
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