The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Dec. 6, 2022.

Number of shares:  9,585,000 units, 6,966,617 national flow-through units and 6,266,217 Quebec flow-through units (Each unit consists of one common share and one common share purchase warrant, exercisable for up to 24 months from closing at 18 cents. Each national flow-through unit consists of one common share and one-half of a common share purchase warrant, exercisable for up to 24 months from closing at 25 cents. Each Quebec flow-through unit consists of one common share and one-half of a common share purchase warrant, exercisable for up to 24 months from closing at 25 cents.)

Purchase price:  10 cents per unit, 13 cents per national flow-through unit and 14 cents per Quebec flow-through unit

Warrants:  9,585,000 warrants to purchase 9,585,000 common shares at an exercise price of 18 cents per common share for a period 24 months following the closing; 6,616,417 warrants to purchase 6,616,417 common shares at an exercise price of 25 cents per common share for a period 24 months following the closing

Number of placees:  82 placees

Total existing insider involvement:  327,000 (two placees)

Total pro group involvement:  1,136,428 (five placees)

Finder's fee:  $129,588.93 cash and 1,110,557 warrants

Finder's warrant terms:  Each finder's warrant entitles the holder to purchase one common share at a price of 25 cents for a period of 24 months following the closing.

The company issued news releases on Dec. 15, 2022, and Dec. 23, 2022, confirming the closing of the private placement. Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.