The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on May 9, 2023.

Number of shares:  2,937,332 variable voting shares

Purchase price:  $1.55 per variable voting share

Warrants:  1,468,666 variable voting share purchase warrants to purchase 1,468,666 variable voting shares

Warrant exercise price:  $2.15 until June 14, 2026

Number of placees:  36 placees

Brokers' fees:  Echelon Wealth Partners Inc., $78,640.23 in cash and 50,736 broker's warrants; Canaccord Genuity Corp., $78,640.23 in cash and 50,736 broker's warrants; Velocity Trade Capital Ltd., $39,320.23 in cash and 25,368 broker's warrants; Kilcona Capital Ltd., $34,865.24 in cash and 22,493 broker's warrants

Broker's warrant terms:  Each non-transferable broker's warrant entitles the holder to acquire unit at $1.55 until June 14, 2026.

The company issued a news release on June 14, 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.