On October 27, 2023, the company issued 10,730,000 units for gross proceeds of CAD 1,073,000 in its first and final tranche. Each warrant entitles the holder to purchase one common share until October 27, 2025. The transaction included participation from certain insiders for 700,000 units.

The completion of the second tranche remains subject to approval from the TSX Venture Exchange. All securities issued and issuable under the first tranche are subject to a statutory hold period expiring February 28, 2024.The company has paid finder's fees of CAD 34,200 and issued 342,000 finder?s warrants to certain previously mentioned arms-length finders in consideration for introducing subscribers to the Offering. Each Finder?s Warrant is exercisable at a price of CAD 0.20 for a period of two (2) years from the date of issuance.

The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced on September 21, 2023. The transaction included participation from 28 placees, two insiders and six pro groups with the involvement of 1,940,000 shares.