The company has closed its financing pursuant to its short form prospectus dated July 31, 2020, which was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the securities commissions of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador, on July 31, 2020, pursuant to the provisions of the applicable securities acts.

The exchange has been advised that the offering closed on Aug. 6, 2020, for aggregate gross proceeds of $15,053,500 (including the exercise of the overallotment option).

Underwriter:  BMO Nesbitt Burns Inc.

Offering:  11.9 million units (Each unit consists of one common share and one-half of one common share purchase warrant.)

Offering price:  $1.10 per unit

Warrant exercise price/term:  Each whole warrant entitles the holder to acquire one common share at a price of $1.60 per common share for a period of 18 months.

Underwriter's fee:  $903,210

Overallotment option:  The overallotment option may be exercised by the underwriter to acquire: (i) additional units at the offering price; or (ii) additional unit shares at a price of $1.06 per additional unit share; or (iii) additional warrants at a price of eight cents per additional warrant; or (iv) any combination of additional units, additional unit shares and additional warrants, so long as the aggregate number of additional unit shares and additional warrants that may be issued under the overallotment option does not exceed 1,785,000 additional unit shares and 892,500 additional warrants, respectively. The overallotment option has been fully exercised.

For further information, refer to the company's short form prospectus dated July 31, 2020, filed on SEDAR.