The TSX Venture Exchange has accepted for filing documentation with respect to a brokered and non-brokered private placement announced on Nov. 16, 2022.

Private placement

Number of shares:  2,401,802 shares

Purchase price:  $3.33 per share

Number of shares:  940,000 flow-through shares

Purchase price:  $5.35 per share

Number of placees:  13 placees

Total existing insider involvement:  1,866,802 (four placees)

Agents' fees:  PI Financial Corp. received $193,242.50 cash. Canaccord Genuity Corp. received $38,648.50 cash. Haywood Securities Inc. received $38,648.50 cash. Raymond James Ltd. received $38,648.50 cash. Sprott Capital Partners LP received $38,648.50 cash. TD Securities Inc. received $38,648.50 cash.

Convertible debenture

Convertible debenture:  $4-million (U.S.)

Conversion price:  convertible into a maximum of 1,464,281 common shares at $4.33 (Canadian) per share

Maturity date:  five years from the date of issuance

Interest rate:  10 per cent per annum

Number of placees:  one placee

The company issued a news release on Dec. 6, 2022, confirming the closing of the private placement.