The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Oct. 28, 2022, and March 28, 2023.

Convertible debenture:  $4,997,037 of unsecured convertible notes

Conversion price:  convertible into units, each consisting of one common share in the capital of the company and one share purchase warrant at a conversion price of 12 cents of principal per debenture

Maturity date:  18 months from the date of issuance

Warrants:  Each warrant shall have a term of 18 months from the date of issuance of the debentures and shall entitle the holder to purchase one share at an exercise price of 17 cents per share.

Interest rate:  15 per cent per annum

Number of placees:  one placee

Finder's fee:  none

Insider/pro group participation:  none

The company issued a news release on Nov. 16, 2022, confirming the closing of the private placement.