Financing type: underwritten prospectus offering
Gross proceeds: $20,000,064
Offering: 19,047,680 listed shares
Offering price: $1.05 per listed share
Overallotment option: The underwriters were granted an overallotment option, exercisable on closing, to purchase up to an additional 2,484,480 units at a price of $1.05 per overallotment share, which was exercised at the closing and included above.
Commissions in securities: Stifel Nicolaus Canada Inc. (lead), 285,716 warrants;
Beacon Securities Ltd., 71,429 warrants;
Haywood Securities Inc., 71,429 warrants;
Research Capital Corp., 57,143 warrants;
BMO Capital Market, 28,571 warrants;
Red Cloud Securities Inc., 28,571 warrants;
Ventum Financial Corp., 28,571 warrants
Commission terms: Each non-transferable warrant is exercisable at $1.05 for a two-year period.
Disclosure: Refer to the prospectus dated July 29, 2025, and the company's news release dated July 31, 2025.
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