Financing type: best efforts prospectus offering
Gross proceeds: $14,930,635.48
Offering: 39,291,146 listed shares with 19,645,570 warrants attached
Offering price: 38 cents per listed share
Warrant exercise terms: 56 cents per warrant for a two-year period
Overallotment option: The agent may purchase a maximum of 5,131,800 listed shares and 2,565,900 warrants for overallotment purposes. As of May 6, 2025, such option remains outstanding and 5,079,146 listed shares have been issued thereunder. All information presented herein includes such exercise.
Non-cash commission: Paradigm Capital Inc., 2,357,468 warrants
Commission terms: Each non-transferable warrant is exercisable at 38 cents for a two-year period.
Public disclosure: Refer to the prospectus supplement dated April 25, 2025, and the company's news releases dated April 23, 2025, April 25, 2025, and May 6, 2025.
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