The TSX Venture Exchange has accepted for filing the company's proposal to issue six million bonus warrants to certain arm's-length and non-arm's-length parties, in consideration of loans in the amount of $600,000 for a term of one year, which bears interest at a rate of 10 per cent per annum. Each bonus warrant entitles the holder to acquire one common share at an exercise price of 10 cents for a one-year period.

For further details, please refer to the company's news releases dated Aug. 24, 2023, and Sept. 27, 2023.