Financing type: underwritten prospectus offering
Gross proceeds: $6.9-million
Offering: 7,666,667 listed shares with 7,666,667 warrants (including the gross proceeds from the full exercise of the overallotment option)
Offering price: 90 cents per listed share
Warrant exercise terms: $1.35 per listed share for a three-year period
Overallotment option: The underwriter may purchase a maximum of one million listed shares and one million warrants for overallotment purposes. As of the bulletin date, such option has been exercised, and one million listed shares and one million warrants have been issued thereunder. All information presented herein includes such exercise.
Commissions in securities: Red Cloud Securities Inc., 536,666 warrants
Commission terms: Each non-transferable warrant is exercisable at 90 cents for a three-year period.
Disclosure: Refer to the company's prospectus supplement dated Aug. 21, 2025, to the short form base shelf prospectus dated March 7, 2025, and the company's news releases dated Aug. 20, 2025, Aug. 21, 2025, and Sept. 3, 2025.
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