The TSX Venture Exchange has accepted for filing documentation the agreement dated Jan. 5, 2024, between the company and an arm's-length party (the borrower). Pursuant to the terms of the agreement, the company will acquire the right to convert up to $150,000 of principal amount of a loan into common shares of the borrower, upon the earlier of: (i) the maturity date; and (ii) an event of default as described in the agreement. The maximum conversion period is five years from the date of the loan.

Insider/pro group participation:  none

Finder's fee:  none

This acquisition is considered to be an arm's-length transaction.

The company will issue a news release to announce the conversion if and when it exercises its right to convert all or a portion of the loan.