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

Number of shares:  18,625,000 flow-through shares

Purchase price:  four cents per flow-through share

Warrants:  18,625,000 share purchase warrants to purchase 18,625,000 shares

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

Number of placees:  six placees

Total existing insider involvement:  1,875,000 (one placee)

Finder's fee:  $7,500 cash and 187,500 warrants

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

The company issued a news release on Dec. 19, 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.