On March 11, 2024, the company announced that it has issued an aggregate of CAD 1,000,000 principal amount secured subordinate promissory notes for gross proceeds of CAD 1,000,000 in its first tranche closing. The Notes bear interest at 12% per annum from the date of issuance and shall mature on September 11, 2024. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced on February 21, 2024.

The transaction includes participation from 5 placees and 2 insiders with total existing insider involvement of CAD 400,000.