The TSX Venture Exchange has accepted for filing the company's proposal to issue one million non-transferable bonus warrants, with each warrant entitling the holder to acquire one common share of the company at $1.20 until May 9, 2024, to a non-arm's-length party in consideration of a $1-million (U.S.) secured credit facility agreement dated May 9, 2023. The credit facility bears an interest rate of 10 per cent per annum and matures on Dec. 31, 2023. An administrative loan origination fee equal to 1.5 per cent of the available credit facility will be paid at maturity.

For additional details, please refer to the company's news release dated May 10, 2023.