The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 11, 2023.

Number of non-flow-through (NFT) shares:  1.4 million NFT units (Each NFT unit will consist of one NFT common share of the company and one NFT common share purchase warrant.)

Number of flow-through (FT) shares:  700,000 FT units (Each FT unit will consist of one FT common share of the company and one-half FT common share purchase warrant.)

Purchase price:  10 cents per NFT unit; 12.5 cents per FT unit

Warrants:  1.4 million whole NFT warrants to purchase 1.4 million shares; 350,000 whole FT warrants to purchase 350,000 shares

Warrant price:  Each NFT warrant is exercisable at an exercise price of 20 cents for a period of two years from the date of issuance. Each FT warrant is exercisable at an exercise price of 22 cents for a period of two years from the date of issuance.

Number of placees:  five placees

Finder's fee:  $1,250 cash and 14,000 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 22 cents for period of two years from the date of issuance.

The company issued a news release on Sept. 11, 2023, 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.