Effective March 29, 2021, the company's prospectus dated March 29, 2021, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission, pursuant to the provisions of the Securities Act (British Columbia), and the Ontario Securities Commission, pursuant to the provisions of the Securities Act (Ontario).

The prospectus was also filed under Multilateral Instrument 11-102, Passport System, in Alberta, Saskatchewan, Manitoba, New Brunswick and Nova Scotia, and receipted by the regulators in each of those jurisdictions.

The TSX Venture Exchange has been advised that closing occurred on April 1, 2021, for gross proceeds of $28,916,750 (including exercise of the overallotment option).

Underwriters:  TD Securities Inc., Roth Canada ULC, Eight Capital and Gravitas Securities Inc.

Offering:  5,405,000 common shares

Common share price:  $5.35 per share

Compensation options:  As consideration for their services in connection with the offering, the underwriters were paid: (i) a cash commission equal to 6 per cent of the aggregate gross proceeds of the offering; and (ii) non-transferable compensation warrants equal to 6 per cent of the number of common shares sold under the offering. Each compensation warrant is exercisable to purchase one common share at the issue price until April 1, 2022.

Overallotment option:  The underwriters were granted a 15-per-cent overallotment option, which was exercised in full at closing.

For further information, please refer to the company's short form prospectus dated March 29, 2021, which is available under the company's SEDAR profile, and the company's news release dated April 1, 2021, available under the company's SEDAR profile.