The TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement of a convertible loan facility announced on Sept. 8, 2023.

Convertible debenture:  $16.36-million

Conversion price:  convertible into 2,726,667 common shares at $6 per share

Maturity date:  May 10, 2027

Interest rate:  10 per cent per annum

Number of placees:  one placee

Pursuant to corporate finance Policy 4.1, Section 1.11(d), the company issued a news release dated Dec. 1, 2023, announcing the closing of the private placement and setting out the expiry dates of the hold periods.