The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Dec. 6, 2022.

Number of shares:  2.52 million common shares and 15,420,455 flow-through shares

Purchase price:  five cents per common share and 5.5 cents per flow-through share

Warrants:  1.26 million common share purchase warrants to purchase 1.26 million common shares

Warrant exercise price:  7.5 cents per common share for a period of 24 months

Number of placees:  nine placees

Insider/pro group participation:  nil

Finder's fee:  $56,000 cash and 1,018,181 finder's warrants

Finder's warrant terms:  Each finder's warrant entitles the holder to purchase one common share at the price of 7.5 cents for a period of 24 months.

The company issued a news release on Dec. 6, 2022, 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.