The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on June 8, 2023.

Number of units:  35,714,285 units (Each unit will consist of one common share in the capital of the company and one common share purchase warrant.)

Purchase price:  14 cents per unit

Warrants:  35,714,285 share purchase warrants to purchase 35,714,285 shares

Warrant exercise price:  19 cents until Dec. 21, 2025

Number of placees:  80 placees

Total existing insider involvement:  22,207,570 (five insiders)

Total pro group involvement:  528,500 (two pro groups)

Agents' fees:  $127,908.78 cash and 934,060 agent's warrants payable to Beacon Securities Ltd.; $126,466.50 cash and 918,508 agent's warrants payable to Integral Wealth Securities Ltd.; $12,284.50 cash and 95,875 agent's warrants payable to PI Financial Corp.; $1,960 cash and 14,000 agent's warrants payable to Echelon Wealth Partners Inc.; $8,972.25 cash and 63,088 agent's warrants payable to Canaccord Genuity Corp.; $6,174 cash and 26,653 agent's warrants payable to Raymond James Ltd.; $2,449.30 cash and 12,495 agent's warrants payable to National Bank Financial Inc.; $1,610 cash and 6,250 agent's warrants payable to Leede Jones Gable Inc.; $800.10 cash payable to Research Capital Corp.; $569.87 cash and 501 agent's warrants payable to Aligned Capital Partners Inc.; $49.70 cash payable to Questrade Inc.; $280 cash payable to Scotia Capital Inc. (Each agent's warrant will be exercisable at a price of 14 cents for one common share of the company for 30 months from the closing date of the offering.)

The company issued a news release on June 21, 2023, 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.