Effective June 8, 2023, the company's short form base shelf prospectus dated May 16, 2023, was filed with and receipted by the British Columbia and the Ontario securities commissions. Under Multilateral Instrument 11-102 -- Passport System, the base shelf prospectus is deemed to have been filed with and receipted by the securities regulators for each province, except Quebec. The TSX Venture Exchange has also accepted the filing of the company's prospectus supplement dated June 1, 2023, related to the offering of common shares of the company described herein.

The exchange has been advised that closing occurred on June 8, 2023, for gross proceeds of $19,766,834.50 (including full exercise of the agents' overallotment option).

Offering:  5,647,667 shares, including full exercise of the agents' overallotment option

Share price:   $3.50 per share

Agents:  Canaccord Genuity Corp., National Bank Financial Inc., BMO Nesbitt Burns Inc., Cormark Securities Inc. and Raymond James Ltd.

Agents' commission:  Canaccord Genuity Corp. -- $308,520.51 cash; National Bank Financial Inc. -- $308,520.51 cash; BMO Nesbitt Burns Inc. -- $172,881.83 cash; Cormark Securities Inc. -- $86,440.92 cash; Raymond James Ltd. -- $43,220.46 cash

Overallotment option:   The agents were granted an overallotment option exercisable to purchase up to an additional 736,652 shares. The overallotment option was exercised in full at closing.

For further details, please refer to the company's news releases dated May 30, 2023, June 1, 2023, June 8, 2023, and the company's prospectus supplement dated June 1, 2023, which have been filed on SEDAR.