The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on Jan. 16, 2024.

Number of shares:  20.5 million shares

Purchase price:  22 cents per share

Warrants:  10.25 million share purchase warrants to purchase 10.25 million shares

Warrant exercise price:  30 cents for a three-year period

Number of placees:  29 placees

Total existing insider involvement:  3.32 million (five insiders)

Agents' fees:  PI Financial Corp., $210,969 and 944,475 broker warrants; Haywood Securities Inc., $59,631 and 285,525 broker warrants

Broker's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 22 cents for period of three years from the date of issuance.

The company issued a news release on Feb. 1, 2024, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.