LEGAL PROCEEDINGS
−Removed: are no material pending legal proceedings to which we are a party or in which any director, officer or affiliate of ours, any owner of
−Removed: record or beneficially of more than 5% of any class of our voting securities, or security holder is a party adverse to us or has a material
−Removed: interest adverse to us.
+Added: July 16, 2024, the Company, through TOBC, filed a lawsuit in the Supreme Court of British Columbia (the “Court”) against
+Added: their landlords Steven Atkinson, Kathryn Atkinson and Janet Atkinson (the “Landlords”) requesting a declaration that their
+Added: commercial lease located at 2904 and 2934 Jameson Road, Nanaimo, B.C.
+Added: V9R 6W8 dated April 1, 2022 by and between TOBC and their Landlords
+Added: is a valid lease and remains in full force and effect.
+Added: The Company cannot provide any assurance as to the timing of resolution or outcome
+Added: of this matter.
+Added: January 17, 2025, the Company, through TOBC, filed a lawsuit in the Supreme Court of British Columbia against Harold Steven Atkinson,
+Added: Janet Atkinson and Ben Atkinson (the “Defendants”) for breach of contract, tort of intentional interference with economic
+Added: relations, breach of confidentiality and non-compete, breach of trust, breach of fiduciary duty, defamation, breach of duty of honest
+Added: performance and good faith, and damages.
+Added: The Company claims that Harold Steven Atkinson purposely hid the renewal process of the Fisheries
+Added: and Oceans Canada – Freshwater / Land-based Aquaculture License (the “License”) and placed the License in his personal
+Added: name when it should be in the name of TOBC.
+Added: The License is required to operate the aquaculture farm, including the transfer of eggs and
+Added: fingerlings to its facilities.
+Added: While the dispute of who controls the License is ongoing, management believes that the Company can continue
+Added: to operate as the licensed facility pertains to TOBC.
+Added: Company is waiting for the Defendants to respond and a court date to be granted.
+Added: The Company cannot provide any assurance as to the timing
+Added: of resolution or outcome of this matter.
MINE SAFETY DISCLOSURES
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.