The TSX Venture Exchange has accepted for filing the company's proposal to issue 1.6 million common shares of the company to arm's-length parties lenders as consideration for an unsecured loan to the company. Pursuant to the terms of the unsecured promissory note, the company has borrowed a principal sum of $2-million, which has an annual interest rate of 12 per cent and will mature on June 13, 2027. The interest accrued may be settled through the issuance of securities of the company, subject to prior exchange approval.

For further information, please refer to the company's news releases dated June 6, 2025, and June 13, 2025.