RE:The difference in the MD&A Old Statement
Summary of Recent Developments
The Company announced the Normal Course Issuer Bid program to increase value for shareholders. For the year ending
December 31, 2022, the Company has purchased a total of 21,594,000 shares in 2022 through the NCIB share buyback
program.
New Statement
Summary of Recent Developments
NCIB Share Buyback Program
For the three months ended March 31, 2023, the Company has purchased a total of 12,604,000 common shares of the
Company for an aggregate amount of $1,210,677 through the NCIB share buyback program. During the period, a total
of 16,390,500 common shares were returned to treasury and cancelled.
Summary of NCIB Share Buyback Program
• In 2022, the Company spent $2,040,650.71 to cancel 17,807,500 shares.