On January 24, 2023, the company issued 4,166,238 units at a price of CAD 0.17 per unit for gross proceeds of CAD 708,260 in the transaction. Each unit consists of one common share of the company and one-half of one common share purchase warrant. A total of 2,091,206 units were issued to directors and officers of the company under available prospectus exemptions and 2,075,032 units were issued by way of the listed issuer financing exemption under
National Instrument 45-106 ? Prospectus Exemptions. All of the Units issued under the offering are not subject to a statutory hold period under applicable Canadian securities legislation. The Offering has been conditionally approved by the Toronto Stock Exchange but remains subject to final approval from the TSX.