On May 16, 2024, the company has now issued 2,894,500 units at an issue price of CAD 0.95 per unit for the gross proceeds of CAD 2,749,775 in its first tranche closing. All Units issued pursuant to the Listed Issuer Financing Exemption are not subject to resale restrictions in Canada in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange. All other securities not issued pursuant to the Listed Issue Financing Exemption, including the Compensation Options and the Corporate Finance Fee Warrants, are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring on September 17,2024.

The company expects to close a second tranche of the offering on or about May 22, 2024, or such other date as the company. The Closing Date is subject to certain conditions including, but not limited to, the receipt of all necessary Canadian Securities Exchange,regulatory and other approvals. The securities issued to Canadian resident subscribers in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws.