In connection with the listing, the company closed a non-brokered private placement of subscription receipts which have been exchanged into the following securities in the company.

Financing type:  non-brokered private placement

Gross proceeds:  $2.45-million

Offering:  16,333,334 common shares

Offering price:  15 cents per common share

Commissions in securities:  100,000 warrants

Commission terms:  each non-transferable warrant is exercisable at 15 cents for a two-year period

Corporate jurisdiction:  Ontario

Capitalization:  unlimited common shares with no par value of which 50,355,421 common shares are issued and outstanding

Escrowed shares:   8,257,466 common shares

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  COLT

Cusip No.:  19687G104

For further information, please refer to the company's listing application dated Oct. 13, 2026, available on SEDAR+.