The TSX Venture Exchange has accepted for filing the company's proposal to issue 3,787,179 common shares to settle interest payments to debentureholders for $295,400, with respect to the $5.35-million of 14.0 per cent senior unsecured convertible debentures due Dec. 31, 2025, issued on Feb. 8, 2023.

The TSX-V has also accepted for filing the company's proposal to issue 4,661,750 common shares to settle interest payments to debentureholders for $363,616.44 (including a debentureholder who converted on April 1, 2024), with respect to the $7.3-million of 12.0 per cent senior unsecured convertible debentures due June 30, 2025, issued on June 12, 2023.

Further to the news release dated June 20, 2024, the company shall issue a news release when the shares are issued and the debt extinguished.