The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Sept. 7, 2022.

Number of shares:  1,735,017 shares

Purchase price:  65 cents per share

Warrants:  1,735,017 share purchase warrants to purchase 1,735,017 shares

Warrant exercise price:  80 cents for a one-year period subject to acceleration

Number of placees:  16 placees

Total existing insider involvement:  115,384 (two placees)

Total pro group involvement:  75,000 (one pro group)

Finder's fee:  $6,825 and 10,500 warrants

Finder's warrant terms:  Each warrant is non-transferable and entitles the holder to purchase one common share at the price of 80 cents for period of one year from the date of issuance subject to acceleration.

The company issued news releases on Sept. 28, 2022, Oct. 28, 2022, and Dec. 6, 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.