The TSX Venture Exchange has accepted a grant of 700,000 non-transferable bonus warrants, each exercisable into one common share at $1.4375 per share until June 28, 2026, pursuant to the second amended and restated commitment letter dated Dec. 3, 2023, between the company and Cymbria Corp. (the lender).

Pursuant to the terms of the agreement, the lender made available $5-million (the additional advance) to the company, which results in increasing the total principal amount of credit facility to $20,882,353, of which $882,353 is a 15-per-cent original issue discount in connection with the additional advance. The credit facility will bear a 10-per-cent interest rate per annum and mature on June 28, 2026.

For more information, please refer to the company's news releases dated Dec. 3, 2023, Dec. 4, 2023, and Dec. 14, 2023.