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Recent Developments
On July 11, 2025, the Company closed a public offering of 1,007,764 units at a of $6.946 (CAD$9.50) per unit for gross proceeds of approximately $7,000,331 (CAD$9,573,758), before deducting commissions and estimated expenses incurred in connection with the offering. Each unit consists of one Class A Subordinate Voting Share of the Company and one-half of one Class A Subordinate Voting Share purchase warrant. Each whole warrant is exercisable to acquire one Class A Subordinate Voting Share at a price of $8.41 (CAD$11.50) per share for a period of 36 months from the date of issuance.
On July 29, 2025 and August 13, 2025, options to purchase an aggregate of 250,000 Class A Subordinate Voting Shares were exercised resulting in proceeds to the Company of approximately CAD $2.2 million.
