The TSX Venture Exchange has accepted for filing the company's proposal to issue 508,521 common shares at a deemed price of $2.61 (U.S.) per share to settle outstanding accrued interest of $1,327,240 (U.S.) under the unsecured convertible notes issued in connection with the private placement announced by a news release dated Nov. 8, 2022.

Number of creditors:  three creditors

Total non-arm's-length-party involvement:  $331,809 (U.S.), 127,130 common shares at $2.61 (U.S.) (one party)

Under the notes, the company has the right to deliver the share certificates to the creditors upon maturity, conversion or redemption, as the case may be, of the notes.

For more information, please refer to the company's news release dated Jan. 2, 2024.