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22. SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2024
Notes  
22. SUBSEQUENT EVENTS

22.SUBSEQUENT EVENTS 

 

Management performed a review and determined that, except as disclosed elsewhere herein and below, no material events occurred subsequent from September 30, 2024 to November 14, 2024, the date of presentation of these financial statements.

 

On October 8, 2024, the Company entered into a promissory note for $165,000 from private lender. The note is unsecured, bears interest at a set amount of $15,000, and matured on October 18, 2024, and was paid in full on October 10, 2024. As consideration for advancing the note, the lender was issued 15,000 share purchase warrants, each warrant granting the holder the right to purchase one common share of the Company at a price of $4.50 per share for a period of three years from the date of issuance.

 

On October 9, 2024 the Company closed its Reg A Offering of its common stock, with 1,118,005 Common shares for gross proceeds of $6,708,030. Fees associated with this closing amounted to $983,248 for net proceeds of $5,724,782 to the Company. A total of $249,008 in holdback funds related to the Reg A Offering which will be released to the Company in January 2025.