The TSX Venture Exchange has accepted for filing the company's proposal to issue 700,000 common shares at a deemed value of 78 Canadian cents per share to settle outstanding debt for $420,000 (U.S.).

Number of creditors:  one creditor

Insider/pro group participation:  none

For further details, please refer to the company's news release dated July 13, 2022. The company shall issue a news release when the shares are issued and the debt extinguished.