Financing type: underwritten prospectus offering
Gross proceeds: $5,796,000
Offering: 6.3 million listed shares with 6.3 million warrants
Offering price: 80 cents per listed share
Warrant exercise terms: $1.10 per listed share for a three-year period
Overallotment option: The underwriters may purchase a maximum of 945,000 units for overallotment purposes. As of April 1, 2025, such an option has been exercised in full. All information presented herein includes such exercise.
Commissions in securities: Ventum Financial Corp., 405,720 warrants;
Red Cloud Securities Inc., 101,430 warrants
Commission terms: Each non-transferable warrant is exercisable at 80 cents for a three-year period.
Disclosure: Refer to the prospectus supplement dated March 14, 2025, and the company's news releases dated March 12, 2025, and March 20, 2025.
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