The company will offer to shareholders of record on Friday, Dec. 1, 2023, rights to purchase shares of the company. One right will be issued for every common share held. One right and two cents are required to purchase one common share. The expiry date for the rights offering is Dec. 27, 2023. As of Nov. 24, 2023, the company had 124,618,103 shares issued and outstanding.

Effective at the opening on Thursday, Nov. 30, 2023, the shares of the company traded ex rights. The company is classified as a mining company. The rights will not be listed for trading.

Summary

Basis of offering:  For every share held, shareholders will receive one right exercisable for one share at two cents per share.

Record date:  Dec. 1, 2023

Shares trade ex rights:  Nov. 30, 2023

Rights called for trading:  not applicable

Rights trade for cash:  not applicable

Rights expire:  Dec. 27, 2023, at 2 p.m. Vancouver time

Authorized jurisdictions:  all provinces and territories of Canada

For further details, please refer to the company's rights offering circular dated Nov. 24, 2023, and its news release dated Nov. 22, 2023.

The company's rights offering circular has been filed with and accepted by the TSX Venture Exchange.