On March 3, 2023, the company issued 140,000 units at an issue price of CAD 0.25 per unit for the gross proceeds of CAD 35,000 in the second tranche. No finder's fees were paid in connection with the closing of the Second Tranche. The Company anticipates closing a third and final tranche in the coming week.

All securities issued in connection with the Second Tranche are subject to a statutory hold period expiring four months and one day after the date of issuance. The company will not be proceeding with any further tranches in the transaction.