Further to the TSX Venture Exchange bulletin dated May 23, 2024, and pursuant to the debenture indenture dated Nov. 1, 2023, available on SEDAR+, the exchange confirms that, effective on April 30, 2025, the listed debentures (LSL.DB) will bear interest at a rate of 10 per cent per annum, payable in cash semi-annually on the last day of April and October of each year.

Furthermore, this is a reminder that the annual interest rate will be recalculated twice every year on April 30 and Oct. 31 of each year until the maturity date, and shall be equal to the base rate less 100 basis points (1.0 per cent) for each business objective achieved. The interest rate will remain at 10 per cent per annum until the maturity date, unless the company issues a subsequent news release announcing a change to the interest rate pursuant to the achievement of a business objective. The exchange will issue a subsequent bulletin in advance of any interest rate review date where an interest rate change takes effect.

For further information, please refer to the company's news release dated April 23, 2025.

In connection with the interest rate change, the exchange is implementing the following special trading and settlement rules for the listed debentures; they will trade for cash on April 29, 2025.

Mandatory trading and settlement rules:  April 29, 2025, to settle April 29, 2025