Further to the TSX Venture Exchange bulletin dated Feb. 25, 2021, the exchange has accepted for filing replacement debentures with respect to a non-brokered private placement announced on Jan. 25, 2021.

Convertible debentures:  $300,000 principal amount of convertible debentures

Conversion price:  convertible into 2,142,856 listed shares with 1,071,428 warrants attached, at 14 cents per listed share

Original maturity date:  Dec. 31, 2023

Amended maturity date:  Dec. 31, 2025

Interest rate:  6 per cent per annum

Underlying warrants exercise term:  1,071,428 warrants exercisable into 1,071,428 listed shares at 20 cents per listed share

Original maturity date:  Dec. 31, 2023

Amended maturity date:  Dec. 31, 2025

The debentures replaced $300,000 of convertible debentures, which were issued pursuant to a private placement of $4-million principal amount of debentures, which was originally accepted for filing by the exchange effective Feb. 25, 2021.

For further information, please refer to the company's news release dated Dec. 12, 2024.