Further to the TSX Venture Exchange bulletin dated Sept. 30, 2022, the exchange has accepted for filing a convertible debenture amendment as announced on June 28, 2023.

Convertible debenture:  $1.53-million

Original conversion price:  convertible into units, consisting of 5,368,421 common shares and 765,000 common share purchase warrants, at 28.5 cents

Amended conversion price:  convertible into units at 20 cents of principal amount

Maturity date:  four years from issuance

Original warrant terms:  Each warrant has a term of two years from the date of issuance and entitles the holder to purchase one common share at 40 cents, subject to an acceleration clause.

Amended warrant terms:  Each warrant has a term of two years from the date of issuance and entitles the holder to purchase one common share at 20 cents, subject to an acceleration clause.

Interest rate:  10 per cent per annum

The debenture was issued pursuant to a private placement that was originally accepted for filing by the exchange on Sept. 30, 2022.

For further information, please see the company's news release dated June 28, 2023, and the exchange bulletin dated Sept. 30, 2023.