On October 25, 2023, Moon River Capital Ltd. closed the transaction. In consideration of the introduction of subscribers to the Offering, and subject to the conversion of the Subscription Reciepts, the Company will pay certain eligible persons an aggregate cash commission of an aggregate of CAD 100,380 and an aggregate of 336,280 finder warrants. Each Finder Warrant shall entitle the holder thereof to acquire one common share in the capital of the Company at a price of CAD 0.25 per common share for a period of 24 months following satisfaction or waiver of the Escrow Release Conditions.

All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day from the date of issuance resale in accordance with applicable securities legislation. The transaction included the participation from 95 placees, with total pro group involvement of CAD 200,000 from one pro group and insider involvement of CAD 2,294,000 from six insiders. The transactiion has been accepted by TSX Venture Exchange.