Effective Dec. 4, 2023, the company has closed its U.S. prospectus offering via the prospectus supplement dated Nov. 30, 2023, to short form base shelf prospectus (effective shelf registration statement on Form F-3), which was filed with the U.S. Securities and Exchange Commission on Aug. 9, 2023, and declared effective on Aug. 18, 2023. The TSX Venture Exchange has also accepted the filing of the company's prospectus supplement.

The exchange has been advised that the company raised $1,607,400 (U.S.) in gross proceeds.

Offering:  1,786,000 units (including the partial exercise of the overallotment option) (Each unit consisting of one share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share.)

Unit price:  90 U.S. cents per unit

Warrant exercise price/term:  $1.12 (U.S.) per share for five years

Underwriter:  Maxim Group LLC

Underwriter's commission:  $112,518 (U.S.) cash payment

For further details, please refer to the company's short form prospectus dated Aug. 18, 2023, prospectus supplement dated Nov. 30, 2023, and news releases dated Nov. 1, 2023, Nov. 30, 2023, Dec. 4, 2023, and Jan. 25, 2024.