The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on March 31, 2023.

Number of shares:  5,675,000 non-flow-through common shares; 11,538,230 flow-through common shares; 13,679,000 premium flow-through common shares

Purchase price:  20 cents per non-flow-through common share; 23.5 cents per flow-through common share; 28.5 cents per premium flow-through common share

Warrants:  15,446,115 share purchase warrants to purchase 15,446,115 common shares

Warrant exercise price:  25 cents until May 8, 2024

Number of placees:  34 placees

Total existing insider involvement:  75,000 (one insider)

Total pro group involvement:  2,280,704 (three pro groups)

Brokers' fees:  Haywood Securities Inc., $278,819.97 in cash and 1,121,969 broker warrants; 3L Capital Inc., $139,409.98 in cash and 548,673 broker warrants; Laurentian Bank Securities Inc., $46,469.99 in cash and 182,891 broker warrants

Broker warrant terms:Each non-transferable broker warrant entitles the holder to acquire one common share at 20 cents until May 8, 2025.

The company issued a news release on May 8, 2023, 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.