The TSX Venture Exchange has also accepted for filing documentation with respect to a non-brokered private placement.

Number of securities:  4,913,750 common shares

Purchase price:  16 cents per common share

Warrants:  4,913,750 common share purchase warrants to purchase 4,913,750 shares

Warrant exercise price:  22 cents per share until May 30, 2025, subject to an acceleration clause

Number of placees:  25 placees

Total pro group participation:  200,000 (one placee)

Finders' fees:  Finders collectively received cash commissions totalling $31,220 and 195,125 common share purchase warrants to purchase 195,125 common shares at a price of 22 cents per common share until May 30, 2025.

The company has confirmed the closing of the private placement in a news release dated May 30, 2023.