The TSX Venture Exchange has accepted for filing the company's proposal to issue 350,000 bonus warrants to an arm's-length creditor in connection with an extension of its previously issued $7-million promissory note from March 22, 2023, to Nov. 24, 2023. Each bonus warrant is exercisable into one common share of the company at an exercise price of $1.75 per share for a period of one year. The company also paid a restatement fee of $225,000 in connection with the extension.

For further details, refer to the company's news release dated March 17, 2023.