The company will offer to shareholders of record on Dec. 5, 2023, transferable rights to purchase shares of the company. One right will be issued for each six shares held. One right and 10.5 cents are required to purchase one share. The expiry date for the rights offering is Dec. 28, 2023. As at Nov. 27, 2023, the company had 190,910,613 shares issued and outstanding.

Effective at the opening, Dec. 4, 2023, the shares of the company will trade ex rights. The company is classified as a mining company. The rights will not be listed for trading.

Summary

Basis of offering:  one right exercisable for one share at 10.5 cents per share

Record date:  Dec. 5, 2023

Shares trade ex rights:  Dec. 4, 2023

Rights called for trading:  not applicable

Rights trade for cash:  not applicable

Rights expire:  Dec. 28, 2023

Authorized jurisdictions:  all provinces and territories of Canada other than Quebec

For further details, please refer to the company's news release and rights offering circular, both dated Nov. 27, 2023.

The company's rights offering circular has been filed with and accepted by the TSX Venture Exchange.