The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on June 7, 2023.

Number of shares:  6,235,554 shares

Purchase price:  36 cents per share

Warrants:  3,117,777 share purchase warrants to purchase 3,117,777 shares

Warrant exercise price:  75 cents for a three-year period

Number of placees:  48 placees

Total existing insider involvement:  150,555 (three insiders)

Total pro group involvement:  20,000 (one pro group)

Finder's fee:  $105,008.40 cash and 326,269 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 75 cents for period of three years from the date of issuance.

The company issued a news release on July 4, 2023, 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.