Financing type: brokered private placement
Gross proceeds: $21,007,867.82
Offering: 25,619,351 special warrants (Each special warrant will automatically convert into a unit of the company, for no additional consideration, with each unit consisting of one common share of the company and one-half of one common share purchase warrant of the company on the date that is the earlier of: (i) the date that is three business days following the date on which the company files a prospectus supplement to a short form base shelf prospectus with the securities commissions qualifying distribution of the shares issuable upon the exercise of the special warrants; and (ii) the date that is four months and one day after the date of issuance of the special warrants.)
Offering price: 82 cents per special warrant
Warrant exercise terms: $1.20 per listed share for a three-year period
Commissions in securities: 404,896 finders' warrants
Commission terms: Each non-transferable warrant is exercisable at 82 cents for a three-year period.
Disclosure: Refer to the company's news releases dated May 19, 2026, May 20, 2026, and June 10, 2026.
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