RE:Extends warrants On July 15, 2020, Mr. Schutte acquired 1,125,500 units (each, a “Unit”) from the Company on a private placement basis at a price of $0.18 per Unit for proceeds of $202,590 pursuant to a private placement subscription agreement (the “Transaction”). Each Unit consists of one common share (each, a “Share”) and one-half of one share purchase warrant (each whole warrant, a “Warrant”). One Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of $0.36 per Share.