The TSX Venture Exchange has accepted for filing the company's proposal to issue one million bonus warrants to a non-arm's-length creditor in consideration of an amendment to a secured term loan agreement dated Dec. 18, 2022 (as first amended on Nov. 29, 2021). The amendment provides for the extension of the maturity date to Nov. 30, 2024, for the balance of $964,927.81 (U.S.). The interest rate remains at 9 per cent. The warrants have an exercise price of 85 cents per share with an expiry date of Nov. 30, 2024.

For additional details, please refer to the company's news release dated Dec. 19, 2022.