NOTE 9 – SUBSEQUENT EVENTS

On March 3, 2021, the Company issued 30,000 stock options, vesting annually over a three-year period, at an exercise price of $1.52 and have an expiry date of March 5, 2031.

On March 4, 2021, the Company issued 920,000 common shares for the exercise of 920,000 warrants priced at $0.75.  The Company received cash proceeds of $690,000 in relation to the exercise.

On March 5, 2021, granted options to the Company’s Chief Executive Officer and President, to purchase 575,100 shares of the Company’s common stock, vesting as follows: twenty-five percent (25%) of the shares subject to the option shall vest on the one (1) year anniversary of the grant date, and one forty-eighth (1/48^th) of the shares subject to the option shall vest each month thereafter on the same day of the month as the grant date, subject to the Chief Executive Officer’s continued service to the Company. The options have an exercise price of $1.52 per share and an expiry date of March 5, 2031.