On October 5, 2023, Deveron Corp., closed the transaction. The company has issued 9% 1,750 unsecured convertible debentures at a price of CAD 1,000 per debenture for gross proceeds of CAD 1,750,000 in the transaction. In connection with the offering, the company paid certain eligible finders a cash commission in the aggregate of CAD 91,000 and issued 216,666 finder?s warrants. Pursuant to applicable Canadian securities laws, the debentures, and the finder?s warrants, as well as any underlying common shares to be issued upon conversion or exchange of these securities, are subject to a hold period of four months and one day, expiring on February 6, 2024. The debentures will mature on October 4, 2026.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction will include participation from 16 placees and 1 existing insider for CAD 200,000.