The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 21, 2023, March 28, 2023, and April 13, 2023.

Convertible debenture:  $3,903,713.50

Conversion price:  convertible into units, consisting of 7,807,427 common shares and 3,903,714 common share purchase warrant, at 50 cents of principal outstanding

Maturity date:  36 months from the date of issuance, subject to certain acceleration rights

Warrants:  Each warrant will have a term of three years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of 70 cents during their term, subject to an acceleration right.

Interest rate:  12 per cent

Number of placees:  33 placees

Aggregate existing insider involvement:  five insiders, $1,107,350

Finder's fee:  $13,510, 13,510 warrants

Finder's warrants terms:  Each warrant entitles the holder to purchase one common share at the price of 70 cents for period of three years from the date of issuance.

The company issued news releases on May 4, 2023, June 14, 2023, and Aug. 15, 2023, confirming closing of the private placement.