The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 15, 2023.

Number of shares:  11.51 million flow-through (FT) units (Each FT unit consists of one flow-through common share and one-half of one common share purchase warrant.)

Purchase price:  nine cents per FT unit

Warrants:  5,755,000 share purchase warrants to purchase 5,755,000 common shares

Warrant exercise price:  13.5 cents per common share, exercisable for a period of two years from the date of issuance

Number of placees:  five placees

Finder's fee:  $91,611 cash and 1,017,900 warrants

Finder's warrant terms:  Each finder's warrant entitles the holder to purchase one unit at the price of nine cents per unit. Each unit consists of one common share and one-half of one common share purchase warrant, exercisable at 13.5 cents per share for a period of two years from the date of issuance.

The company issued a news release on Dec. 22, 2023, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.