Financing type: non-brokered private placement
Gross proceeds: $5,206,031.86
Offering: 8.75 million LIFE (limited issuer financing exemption) units with 4,375,000 warrants;
19,200,177 units with 19,200,177 warrants
Offering price: 20 cents per LIFE unit; 18 cents per unit
Warrant exercise terms: 26 cents per LIFE unit for a two-year period;
24 cents per unit for a three-year period
Commissions in securities: 708,863 finders' warrants
Commission terms: Each non-transferable warrant is exercisable at 24 cents for a three-year period.
Disclosure: Refer to the company's news releases dated May 20, 2025, and June 5, 2025.
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