Financing type: non-brokered private placement
Offering: $1,390,700 principal amount of convertible debenture, convertible into up to 12,642,727 listed shares
Conversion price: the greater of: (i) the most recent closing market price of JG's common
shares on the TSX Venture Exchange (or if the common shares are no
longer listed for trading on the TSX Venture Exchange, then such other
designated stock exchange where the majority of the trading occurs) on
the date that the accrued interest becomes payable; (ii) 11 cents; and (iii)
the price per security in a future financing event consisting of any sale
of common shares (or units consisting of common shares and warrants)
by JG, or the conversion, exchange or exercise price of any convertible debt issued by JG in a future financing event consisting of the issuance
of any convertible debt by JG, where a future financing event will be considered the most recent issuance and sale of securities by JG in which JG issues or sells any common shares (or units consisting of common shares and warrants), or in which JG issues or sells any convertible debt security issued by the issuer by way of a private placement during the 12-month period immediately following the
closing date of the offering, provided that such future financing event
results in gross offering proceeds of not less than $2-million
Maturity date: three years after the closing date
Interest rate: 10 per cent per annum (Exchange approval is required for the issuance of any additional common shares to satisfy interest portions.)
Disclosure: Refer to the company's news release dated April 23,2026.
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