Financing type: brokered private placement
Gross proceeds: $12-million
Offering: eight million listed shares with eight million warrants attached
Offering price: $1.50 per listed share
Warrant exercise terms: $1.82 per listed share for a period of three years
Commissions in securities: A.G.P. Canada Investments ULC, 320,000 warrants
Commission terms: Each non-transferable warrant is exercisable at $1.66 for 30 months.
Disclosure: Refer to the company's news releases dated and May 29, 2025, May 30, 2025, and June 2, 2025.
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