Financing type:  non-brokered private placement

Offering:  $2-million principal amount of convertible debentures convertible into 909,090 listed shares with 908,000 detachable warrants

Conversion price:  $2.20 per listed share

Maturity date:  April 9, 2028

Interest rate:  5 per cent per annum

Warrant exercise terms:  $2.20 per listed share for a three-year period, subject to an acceleration right

Disclosure:  Refer to the company's news release dated April 9, 2025.