Financing type: non-brokered private placement
Offering: $567,000 principal amount of convertible debenture convertible into 5,154,545 listed shares with 5,103,000 detachable warrants
Conversion price: 11 cents per listed share
Maturity date: Dec. 31, 2027
Interest rate: 10 per cent per annum
Warrant exercise terms: 14 cents per listed share until Dec. 31, 2027
Commissions in securities: 2,286 finders' warrants
Commission terms: Each non-transferable warrant is exercisable at 11 cents for an 18-month period.
Disclosure: Refer to the company's news releases dated Aug. 26, 2025, Sept. 3, 2025, Oct. 3, 2025, Oct. 14, 2025, and Dec. 3, 2025.
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