The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Nov. 28, 2023.

Flow-through

Number of shares:  9,335,000 flow-through shares

Purchase price:  20 cents per flow-through share

Warrants:  4,667,500 share purchase warrants to purchase 4,667,500 shares

Warrant exercise price:  35 cents for a two-year period

Non-flow-through

Number of shares:  2,506,556 non-flow-through shares

Purchase price:  18 cents per non-flow-through share

Warrants:  1,253,278 share purchase warrants to purchase 1,253,278 shares

Warrant exercise price:  35 cents for a two-year period

Number of placees:  13 placees

Total existing insider involvement:  55,556 (one insider)

Finder's fee:  $105,852 cash and 529,860 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 20 cents for period of two years from the date of issuance.

The company issued news releases on Dec. 15, 2023, and Dec. 19, 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.