The TSX Venture Exchange has accepted for filing documentation relating to the amending agreement dated Dec. 1, 2023, to the option and purchase agreement dated Sept. 7, 2021, as amended Oct. 13, 2023, between the company and two arm's-length parties.

Pursuant to the amending agreement, upon mutual agreement with the vendors, the company may pay part of the cash component of the second anniversary option payment with the issuance of common shares in the company at a deemed price of one cent per share. The second anniversary option payment to the vendors now consists of $50,000 cash (from $75,000 originally) and the issuance of 3.75 million common shares (from 1.25 million common shares originally). The additional 2.5 million common shares are being issued in lieu of a $25,000 cash payment.

For further information, refer to the company's news releases dated Sept. 14, 2023, Oct. 23, 2023, and Dec. 11, 2023.