The TSX Venture Exchange has consented to an amendment with respect to a non-brokered private placement announced on Oct. 11, 2023. The amendment is subsequent to a prospectus -- debenture offering -- accepted on Nov. 7, 2018. The terms of the amendment are as follows.

Convertible debenture:  $1,259,321

Conversion price:  convertible into units, each consisting of one common share and one-half common share purchase warrant at 10 cents of principal outstanding until maturity

Maturity date:  Oct. 4, 2023

New maturity date:  Jan. 2, 2024

Warrants:  Each warrant will have a term of two 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 15 cents until Jan. 2, 2023.

Interest rate:  8 per cent per annum due semi-annually

Number of placees:  seven placees

Pursuant to corporate finance Policy 4.1, Section 1.9(e), the company issued a news release dated Oct. 11, 2023, announcing the amendment of the convertible debenture.