The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on June 21, 2024.

Financing type:  non-brokered private placement

Offering:  $1.98-million principal amount of convertible debenture, convertible into 9.9 million listed shares with 9.9 million warrants attached

Conversion price:  20 cents per listed share

Maturity date:  one year from the date of issuance

Interest rate:  10 per cent per annum, payable quarterly

Warrant exercise terms:  25 cents per share for a two-year period

Commissions in securities:  73,500 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 20 cents for a two-year period.

Pursuant to corporate finance Policy 4.1, Section 1.9(e), the company issued a news release on July 22, 2024, and Sept. 10, 2024, announcing the closing of the private placement.