The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Jan. 27, 2023.

Number of shares:  eight million common share units (Each unit consists of one common share in the capital of the company and one share purchase warrant.)

Purchase price:  nine cents per unit

Warrants:  eight million warrants to purchase eight million shares

Warrant price:  20 cents, exercisable for a period of 60 months from the date of issuance

Warrant acceleration:  In the event that the company's shares trade at or above 25 cents per share for a period of 10 consecutive trading days, the company will have the right to accelerate the expiry date to 30 days from the date the company gives the warrantholders such notice.

Number of placees:  18 placees

Insider/pro group participation:  none

Finders' fees:  $5,040 cash and 56,000 warrants (two finders)

The finders' warrants shall be exercisable into shares at a price of 20 cents per finder's warrant for a period of 60 months from the date of issuance.

The company issued a news release on Feb. 8, 2023, confirming the closing of the private placement.