The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 20, 2020, and June 25, 2020.

Convertible debenture:  4,100 convertible debenture units at $1,000 per unit

Conversion price:  Each unit consists of 20,000 convertible debentures that are exercisable into common shares at five cents per share in the first year and at 10 cents per share in the second and third year plus 20,000 share purchase warrants.

Maturity date:  three-year term

Warrants:  The warrants are exercisable into common shares at 7.5 cents per share for a period of three years.

Interest rate:  7.5 per cent

Placees:  10

Insider:  Dr. Georg Pollert 3,175 units

Finder's fee:  Teresa Schmidt -- $32,500 and 650,000 common shares