Financing type: brokered private placement
Gross proceeds: $2,999,999.92
Offering: 6,976,744 listed shares with 6,976,744 warrants attached
Offering price: 43 cents per listed share
Warrant exercise terms: 70 cents per listed share for a three-year period
Commissions in securities: 209,302 finders' shares and 627,906 finders' warrants
Commission terms: As to 209,302 warrants, each non-transferable warrant is exercisable into one common share at a price of 70 cents for a period of three years from the closing date of the private placement. As to 418,605 warrants, each non-transferable warrant is exercisable into one unit at a price of 43 cents per unit for a period of three years from the closing date of the private placement. Each unit consists of terms identical to those of the units issued under the private placement.
Disclosure: Refer to the company's news releases dated March 27, 2026, April 9, 2026, and April 30, 2026.
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