Financing type: non-brokered private placement
Gross proceeds: $919,501.08
Offering: 7,662,509 listed shares with 7,662,509 warrants attached
Offering price: 12 cents per listed share
Warrant exercise terms: year 1: 25 cents per listed share for the first year, subject to acceleration rights;
year 2: 35 cents per listed share for the last year, subject to acceleration rights
Commissions in securities: 215,520 finders' warrants
Commission terms: Each non-transferable warrant is exercisable at 25 cents for the first year, and 35 cents for the second and final year, subject to acceleration rights.
Disclosure: Refer to the company's news releases dated July 18, 2025, and Aug. 25, 2025.
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