Financing type: non-brokered private placement
Gross proceeds: $990,000
Offering: 33 million listed shares with 33 million warrants
Offering price: two cents per listed share
Warrant exercise terms: 50 cents per listed share for a five-year period
Offering: $330,000 principal amount of convertible debenture, convertible into listed shares
Conversion price: five cents per listed share during first year, 10 cents thereafter until maturity
Maturity date: 60 months from issuance
Interest rate: 10 per cent per annum
Disclosure: refer to the company's news releases dated June 18, 2024, July 24, 2024, Aug. 9, 2024
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