On November 13, 2023, the company issued 800,000 units of the company at a price of CAD 1.25 per unit for aggregate gross proceeds of CAD 1 million in its first tranche. Each warrant entitles the holder to purchase one share at a price of CAD 2 at any time on or before November 17, 2024. The company paid a finder?s fee to an arms-length brokerage firm of CAD 60,000 and issued 48,000 non-transferable share purchase warrants.

Each broker warrant entitles the holder to purchase one share at a price of CAD 2 at any time on or before November 17, 2024. the broker warrants, and any shares issued on exercise, are subject to a four month and a day hold period expiring on March 18, 2024 in accordance with applicable Canadian securities laws.