The TSX Venture Exchange has accepted for filing the company's issuance of 583,000 bonus shares in consideration for six subscribers participating in a $583,000 non-brokered unsecured non-convertible debenture financing. Each debenture unit consists of: (a) one $1,000 face value debenture; and (b) 1,000 common shares bonus of the company. The debentures will mature two years from the date of issuance and will bear an interest rate of 14 per cent per annum, payable quarterly in cash starting after the third quarter.

Total existing insider involvement:  $503,000 (two insiders)

Finder's fee:  $23,310 cash and 211,909 warrants

Finder's warrant terms:  Each finder's warrant (non-transferable) entitles the holder to purchase one common share at the price of 13 cents for a period of two years from the date of issuance.

For additional details, please refer to the company's news releases dated Sept. 27, 2023, Nov. 1, 2023, Nov. 9, 2023, and Dec. 5, 2023.