On June 2, 2023, the company issued 6,889,462 units at a price of CAD 0.35 per unit for proceeds of CAD 2,411,312.20 in its second and final tranche for aggregate gross proceeds of CAD 20,755,535.17. The transaction included participation from new investor Sail Natural Resources, LP has acquired 2,371,428 units at a price of CAD 0.35 per unit for the proceeds of CAD 830,000. After this transaction Sail Natural Resources, LP holds 34,483,525 common shares and 13,114,285 warrants representing y 26.55% of the issued and outstanding Shares of the Issuer on an undiluted basis and 33.29% on a partially diluted basis.

This is an increase of 16.76% on a diluted basis and an increase of 19.29% on a partially diluted basis. The company has received CAD 105,660 pursuant to Regulation D and included participation from single investor.