The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 15, 2023.

Convertible debenture:  $2-million principal amount

Conversion price:  convertible into 5,714,285 common shares at 35 cents purchase price until maturity

Maturity date:  May 10, 2026

Interest rate:  11.5 per cent per annum

Number of placees:  one placee

Pursuant to corporate finance Policy 4.1, Section 1.9(e), the company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period.