The TSX Venture Exchange has accepted for filing the company's proposal to issue 4.6 million shares at a deemed price of 15 cents per share to settle outstanding debt for $690,000. The exchange acknowledges that the creditors, collectively, have agreed to reduce the total debt of $772,539 by $82,539 to reach $690,000 with these issuance of shares.

Number of creditors:  three creditors

Aggregate non-arm's-length party involvement:  three creditors, $690,000 owed, 15 cents per share, 4.6 million shares

For further details, please refer to the company's news releases dated May 30, 2023, and June 27, 2023.

The company shall issue a news release when the shares are issued and the debt extinguished.