On December 20, 2023, the company amended the terms of the transaction. The company issued 3,190,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 319,000 under the first tranche of the transaction. Each Unit is comprised of one common share and one common share purchase warrant. Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of CAD 0.12 per Common Share for a period of twelve months from date of issuance. In connection with the Offering, the Company paid certain eligible finders an aggregate of CAD 1,500 and issued an aggregate of 15,000 finder?s warrants to such finders. Each Finder?s Warrant entitles the holder thereof to acquire one Common Share at a price of CAD 0.10 per Common Share until that date that is twelve months from the date of issuance. All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange.

On December 29, 2023, the company announced that it anticipates to complete an additional tranche of the non-brokered private placement of units at a price of CAD 0.10 per unit.