Financing type: non-brokered private placement
Offering: $305,000 principal amount of convertible debenture, only convertible into common shares at 10 cents of principal for a one-year period after the company has received a full revocation order from the British Columbia Securities Commission and completed a 1:10 consolidation
Conversion price: 10 cents per listed share, postconsolidation
Maturity date: Nov. 26, 2025
Interest rate: 9.95 per cent per annum
Non-cash commissions: 15,200 finders' warrants
Commission terms: Each non-transferable warrant is exercisable at 10 cents for a one-year period only after the company has received a full revocation order from the British Columbia Securities Commission and completed a 1:10 consolidation.
Public disclosure: Refer to the company's news releases dated July 8, 2024, Sept. 11, 2024, Oct. 15, 2024, Nov. 26, 2024, Dec. 6, 2024, Jan. 6, 2025, and Jan. 24, 2025.
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