The TSX Venture Exchange has accepted for filing the company's proposal to issue 350,000 common shares of the company as bonus shares to Silvercorp Metals Inc. (the lender) in consideration of an immediate cash advance of $500,000 (U.S.) to the company by the lender pursuant to the terms of the credit facility agreement dated Jan. 6, 2024. The credit facility is non-interest bearing, is unsecured and allows a maximum borrowing amount of up to $1-million (U.S.) over one-year period ending on Jan. 31, 2025.

For further information, please refer to the company's news release dated Jan. 8, 2024.