On June 20, 2024, the company announced that it has issued 23,150,000 common shares at a price of CAD 0.38 per LIFE FT Share, for gross proceeds of CAD 8,797,000, 14,720,000 flow-through common shares at an issue price of CAD 0.34 per share for the gross proceeds of CAD 5,004,800 and 739,000 hard dollar common shares at an issue price of CAD 0.27 per HD share for gross proceeds of CAD 199,530, for aggregate total gross proceeds of CAD 14,001,300 in its first tranche closing. The LIFE FT Shares issued to Canadian resident subscribers are not subject to a hold period pursuant to applicable Canadian securities laws. The FT Shares and HD Shares were issued pursuant to other applicable private placement exemptions and are subject to a hold period under Canadian securities laws expiring October 21, 2024.

Insiders of the Company acquired an aggregate of 2,961,000 common shares in connection with the Offering. In consideration for the services provided by the Agents under the Offering, the Company paid the Agents a cash commission equal to CAD 454,183.46.