The TSX Venture Exchange has accepted for filing the company's proposal to issue $300,000 principal amount secured convertible debentures to settle outstanding debt for $300,000.

Convertible debentures:  $300,000 principal amount

Conversion price:  principal is convertible into common shares at 10 cents per share

Maturity date:   18 months from Sept. 30, 2023

Interest rate:  12 per cent per annum

Number of creditors:  one creditor

Insider/pro group participation:   nil

For more information, please refer to the company's news releases dated Aug. 31, 2023, and Jan. 31, 2024.