The TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants.
Private placement
Number of warrants: 1.68 million (postconsolidation)
Expiry date of warrants: April 30, 2030
Original exercise price of warrants: $1.25 (postconsolidation)
New exercise price of warrants: 25 cents (postconsolidation)
These warrants were issued pursuant to a private placement of 42 million shares with 42 million share purchase warrants attached, which occurred prior to the company's 1:25 consolidation, which was effective Oct. 7, 2025. The private placement was accepted for filing by the exchange effective May 8, 2025.
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