Financing type: brokered private placement
Gross proceeds: $5,309,000
Offering: 6,636,250 listed shares with 3,318,125 warrants attached
Offering price: 80 cents per listed share
Warrant exercise terms: $1.20 per listed share for a three-year period
Commissions in securities: 331,812 finders' shares and 696,806 finders' warrants
Commission terms -- 165,906 warrants: Each non-transferable warrant is exercisable into one common share at a price of $1.20 for a period of three years from the closing of the private placement.
Commission terms -- 530,900 warrants: Each non-transferable warrant is exercisable into one
unit at a price of 80 cents for a period of three years following the closing of
the private placement. Each unit consists of one listed share and one-half
warrant, with terms identical to the units issued under the private
placement.
Disclosure: Refer to the company's news releases dated Feb. 18, 2026, March 10, 2026, and March 31, 2026.
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