Financing type: non-brokered private placement
Offering: $400,000 principal amount of unsecured convertible debentures, convertible into eight million listed shares
Conversion price: five cents per listed share
Maturity date: Nov. 24, 2026
Interest rate: The convertible debentures bear no interest.
Non-cash commissions: 404,000 finders' warrants
Commission terms: Each non-transferable warrant is exercisable at five cents per listed share until Nov. 24, 2027.
Public disclosure: Refer to the company's news releases dated Oct. 6, 2025, Nov. 18, 2025, and Nov. 25, 2025.
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