The TSX Venture Exchange has accepted for filing an amendment of the debentures with respect to a non-brokered private placement announced on Jan. 25, 2021.

Convertible debentures:  $3.75-million principal amount

Conversion price:  convertible into 26,785,714 common shares at 14 cents per share

Original maturity date:  Dec. 31, 2023

Amended maturity date:  Dec. 31, 2025

Interest rate:  6 per cent per annum

Underlying warrants:  13,392,857 warrants exercisable into 13,392,857 common shares at 20 cents per share

Original underlying warrant term:  Dec. 31, 2023

Amended underlying warrant term:  Dec. 31, 2025

The convertible debentures issued pursuant to a $4-million principal amount private placement, which was originally accepted for filing by the exchange effective Feb. 25, 2021.

For more information, please refer to the company's news releases dated Dec. 12, 2023, May 1, 2024, and June 26, 2024.