Further to the TSX Venture Exchange bulletins dated May 26, 2023, and May 26, 2025, the exchange has accepted for filing a debenture amendment as announced on May 13, 2026.
Financing type: non-brokered private placement
Original offering: $865,000 principal amount of convertible debentures, convertible into 2,337,837 listed shares
Remaining amended offering: $300,000 principal amount of convertible debentures, convertible into 810,810 listed shares
Conversion price: 37 cents per listed share
Original maturity date: May 18, 2025, as modified to May 18, 2026
Amended maturity date: May 18, 2027
Interest rate: 10 per cent per annum
The convertible debentures in the principal amount of $865,000 were issued pursuant to a non-brokered private placement, which was originally announced on May 18, 2023, and accepted for filing by the exchange effective May 26, 2023. The amendment to maturity date from May 18, 2025, to May 18, 2026, was announced on May 20, 2025, and accepted for filing by the exchange effective May 26, 2025.
For further information, please refer to the company's news releases dated May 18, 2023, May 20, 2025, and May 13, 2026.
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