The TSX Venture Exchange has accepted for filing the company's proposal to issue 1.5 million non-transferable bonus warrants to a non-arm's-length creditor, in consideration of an amendment to a $2-million (U.S.) secured line of credit agreement dated Dec. 22, 2023, as first amended Dec. 18, 2022, and originally dated July 20, 2022. The amendment to the amended agreement provides for the extension of the maturity date to Jan. 31, 2026. The interest rate remains at 9 per cent. The warrants have an exercise price of 89 cents per share with an expiry date of Jan. 31, 2026.

For additional details, please refer to the company's news releases dated July 21, 2022, Dec. 19, 2022, and Dec. 22, 2023.