The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Sept. 25, 2023.

Convertible debenture:  $1.75-million principal amount of convertible debentures

Conversion price:  convertible into up to 4,166,750 common shares at 42 cents per share of principal outstanding

Maturity date:  three years from the date of issuance

Interest rate:  9 per cent per annum

Number of placees:  16 placees

Total existing insider involvement:  $200,000 (one insider)

Finder's fee:  $91,000 cash and 216,666 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 42 cents for period of 12 months from the date of issuance.

The company issued a news release on Oct. 5, 2023, confirming the closing of the private placement.