The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Dec. 15, 2023.

Number of shares:  2.5 million common share flow-through (FT) units, each FT unit consisting of one common share in the capital of the company on a flow-through basis and one-half of one common share purchase warrant

Purchase price:  20 cents per FT unit

Warrants:  1.25 million warrants to purchase 1.25 million common shares of the company

Warrant price:  25 cents, exercisable for a period of three years from the date of issuance

Number of placees:  17 placees

Total existing insider involvement:  360,000 (one insider)

Finders' fees:  $22,640 cash and 113,200 warrants (three finders) (Eighty thousand finders' warrants are exercisable at 20 cents per finder's share and 33,200 finders' warrants are exercisable at 25 cents. The finders' warrants may be exercised for a period of 36 months from the date of issuance.)

The company issued a news release on Jan. 3, 2024, 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.