The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Jan. 12, 2024.

Number of shares:  9,090,909 shares

Purchase price:  11 cents per share

Warrants:  4,545,447 share purchase warrants to purchase 4,545,447 shares

Warrant exercise price:  30 cents for a two-year period, subject to an acceleration clause

Number of shares:  6,666,666 shares

Purchase price:  15 cents per share

Warrants:  3,333,325 share purchase warrants to purchase 3,333,325 shares

Warrant exercise price:  30 cents for a two-year period, subject to an acceleration clause

Number of placees:  65 placees

Total existing insider involvement:  1,554,762 (five insiders)

Total pro group involvement:  2,023,433 (15 pro groups)

Finder's fee:  $31,326.88 cash and 246,674 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 30 cents for a period of two years from the date of issuance, subject to an acceleration clause.

The company issued a news release on March 5, 2024, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.