The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 20, 2023.

Convertible debenture:  $392,125

Conversion price:  convertible into units, each consisting of one common share and one common share purchase warrant at five cents of principal outstanding

Maturity date:  one year from the date of issuance

Warrants:  Each warrant will have a term of three years from the date of conversion and entitle the holder to purchase one common share. The warrants are exercisable at the price of 5.625 cents.

Interest rate:  The convertible debenture has an original issue discount of 15 per cent. (The company received $392,125 but owes a principal amount of $473,206.25.)

Number of placees:  two placees

The company issued a news release on May 19, 2023, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.