The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Dec. 12, 2022, and Jan. 5, 2023.

Number of shares:  20,032,682 shares

Purchase price:  42.5 cents per share

Warrants:  10,016,34 share purchase warrants to purchase 10,016,34 shares

Warrant exercise price:  60 cents for a two-year period

Number of placees:  90 placees

Total existing insider involvement:  66,025 (two placees)

Total pro group involvement:  595,600 (four placees)

Finder's fee:  $234,437.56 cash and 545,391 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 60 cents for period of two years from the date of issuance.

The company issued news releases on Dec. 22, 2022, and Jan. 11, 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.