Financing type: non-brokered private placement
Offering: $2,385,000 principal amount of convertible debenture, convertible into 31.8 million listed shares with 31.8 million warrants attached
Conversion price: 7.5 cents per listed share for the first year; 10 cents per listed share for years 2 to year 5
Maturity date: Sept. 24, 2029
Interest rate: 8.5 per cent per annum
Warrant exercise terms: 7.5 cents per listed share for a five-year period
Disclosure: Refer to the company's news releases dated Sept. 11, 2024, and Sept. 24, 2024.
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