The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Dec. 19, 2023, Dec. 28, 2023, and Jan. 16, 2024.

Number of shares:  17,188,235 shares

Purchase price:  34 cents per share

Warrants:  17,188,235 share purchase warrants to purchase 17,188,235 shares

Warrant exercise price:  45 cents for a two-year period and subject to accelerated expiry

Number of special warrants:  2,223,529 special warrants

Purchase price:  34 cents per special warrant (Each special warrant entitles the holder to receive one unit of the company without payment of any additional consideration but subject to an exercise limitation. Each unit consists of one common share and one common share purchase warrant, with each whole common share purchase warrant being exercisable into one common share at 45 cents for a two-year period and subject to accelerated expiry.)

Number of placees:  78 placees

Total existing insider involvement:  343,038 (three insiders)

Total pro group involvement:  877,100 (10 pro groups)

Finder's fee:  $111,429.70 cash and 321,560 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 45 cents for a period of two years from the date of issuance.

The company issued news releases on Jan. 8, 2024, and Jan. 25, 2024, 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.