The TSX Venture Exchange has accepted for filing documentation the asset purchase agreement dated May 20, 2026, and the amending agreement dated July, 2026, between the company and an arm's-length party. Pursuant to the terms of agreement, the company has acquired the assets of the vendor. As consideration for the acquisition, the company has paid a cash consideration of $50,000 at closing and will pay an additional performance-based cash amount of up to $50,000 based on certain target thresholds. Additionally, the company has issued the vendor 352,849 common shares in the capital of the company at a deemed price of 12.59 cents per share. The shares have been issued in escrow and will be released to the vendor over a two-year period.
For further information, please refer to the company's news releases dated May 25, 2026, and Aug. 4, 2026.
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