The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on July 10, 2023, and Aug. 2, 2023.

Convertible debenture:  $3,579,952.50

Conversion price:  convertible into up to 47,732,700 common shares at 7.5 cents per share for the first year and 10 cents thereafter

Maturity date:  five years from issuance

Warrants:  47,732,700 detachable common share purchase warrants (Each warrant will have a term of five years from the date of issuance of the notes and will entitle the holder to purchase one common share. The warrants are exercisable at the price of 10 cents.)

Interest rate:  10 per cent per annum

Number of placees:  18 placees

Total existing insider involvement:  1.45 million (one insider)

Total pro group involvement:  400,000 (one pro group)

Finder's fee:  $6,506.25 cash and 86,750 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 10 cents for a period of two years from the date of issuance.

The company issued a news release on Aug. 17, 2023, confirming the closing of the private placement.