The TSX Venture Exchange has accepted for filing the company's proposal to issue 3.75 million bonus warrants in consideration of three loans totalling $450,000. The loans have a term of 16 months commencing from Oct. 28, 2022, and bear interest at the Royal Bank of Canada prime rate plus 4 per cent, compounded quarterly. Each bonus warrant is exercisable into one common share at 12 cents until Oct. 28, 2023.

Number of creditors:  three creditors

Total non-arm's-length-party involvement:  2.5 million (two parties)

For more details, please see the company's news release dated Oct. 28, 2022.