I just knew what was going to happen to the share price this morning. Not what I wanted for Christmas.

The Company contemplates that the Offerings will be repriced at C$5.20 per common share, and structured as (i) a bought deal prospectus offering of 3,847,000 common shares at C$5.20 per common share for gross proceeds of approximately C$20.0 million, through Eight Capital as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Leede Jones Gable Inc. and Research Capital Corporation (collectively, the “Underwriters”). The Company has granted the Underwriters an option (the “Over-Allotment Option”) to purchase up to an additional 577,050 common shares on the same terms exercisable at any time up to 30 days following the closing of the prospectus offering, for market stabilization purposes and to cover over-allotments, if any; and (ii) a concurrent non-brokered private placement of up to 1,924,812 common shares at C$5.20 to certain shareholders for aggregate gross proceeds of approximately $10 million. The Underwriters have agreed to pay for their own legal counsel expenses in connection with the Offerings. The Company anticipates that the Offerings will be completed on or about December 31, 2021.