The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 13, 2023, and amended Oct. 19, 2023.

Convertible debenture:  $20,632,000

Conversion price:  convertible into common shares consisting of up to a maximum of 45,848,888 common shares at a conversion price of 45 cents per common share of principal outstanding

Maturity date:  Oct. 19, 2028

Warrants:  not applicable

Interest rate:  12 per cent per annum, payable in cash (Commencing on Jan. 31, 2025, the company will pay a gold premium on the principal amount of the debentures in cash quarterly. The gold premium will be calculated as a percentage equal to 25 per cent of (i) the amount, if any, by which the London PM fix on the quarterly measurement date exceeds $1,800 (U.S.) (the floor price) divided by (ii) the floor price.

Number of placees:  53 placees

Total existing insider involvement:  $7,944,000 (five insiders)

Total pro group involvement:  $430,000 (seven pro groups)

Finder's fee:  $510,000

The company issued news releases on Oct. 19, 2023, and Nov. 1, 2023, confirming the closing of the private placement.