Further to the TSX Venture Exchange bulletins dated April 30, 2021, and Jan. 9, 2023, the exchange has accepted a second amendment with respect to the company's $500,000 senior secured debenture, with an interest rate of 12 per cent per annum, payable monthly in arrears, with an arm's-length lender, dated May 6, 2021, and first amended on Dec. 15, 2022. Pursuant to the second amending agreement, dated Dec. 29, 2023, the parties agreed to further extend the repayment date of the debenture and the expiry date of 1.6 million bonus warrants until Dec. 31, 2024.

For further information, please refer to the company's news releases dated April 26, 2021, Dec. 29, 2022, and Dec. 29, 2023.