The TSX Venture Exchange has accepted the grant of two million non-transferable bonus warrants, each exercisable into one common share at $1.4375 for a period of three years, to EdgePoint Investment Group Inc., in connection with the loan advance of up to $15-million principal amount. Maturing in three years from closing, the loan will bear interest at a rate of 10 per cent per annum, payable quarterly in arrears.

Additionally, the company paid a financial adviser a cash commission of $375,000 in connection with obtaining the loan.

For more information, please refer to the company's news releases dated June 13, 2023, and June 28, 2023.