The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on March 28, 2024, and April 22, 2024.

Number of shares:  27,798,000 shares

Purchase price:  14 cents per share

Warrants:  13,899,000 share purchase warrants to purchase 13,899,000 shares

Warrant exercise price:  21 cents for a three-year period, subject to acceleration

Number of placees:  66 placees

Total existing insider involvement:  2,017,142 (five insiders)

Total pro group involvement:  858,000 (two pro groups)

Finder's fee:  $64,582.56 cash and 461,304 warrants

Finder's warrant terms:  Each finder's warrant is non-transferable and entitles the holder to purchase one common share at the price of 21 cents for a period of three years from the date of issuance subject to acceleration.

The company issued a news release on May 1, 2024, 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.