Further to the TSX Venture Exchange bulletin dated Sept. 21, 2022, the company has advised the following additional information.
The company obtained disinterested shareholder approval in the general meeting that was held on Sept. 29, 2022, to issue 16 million compensation options to two joint lead managers in consideration for services provided in relation to a private placement and an Australian entitlements offer announced on July 27, 2022. Each compensation option will entitle the holder to acquire one share at an exercise price of 7.5 Australian cents per share on or before the date, which is three years from the date of issue. The TSX Venture Exchange has accepted for filing the compensation options.
For further information, please refer to the news releases issued by the company on July 27, 2022, Aug. 26, 2022, Sept. 1, 2022, and Sept. 16, 2022, and the TSX Venture Exchange bulletin on Sept. 21, 2022.
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