Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY
SECURITIES AND USE OF PROCEEDS
The following Common Shares were issued
pursuant to Section 3(a)(9) of the Securities Act, in connection with the voluntary conversion of a portion of the amount outstanding
under the Lind III Convertible Security and based upon representations and warranties of Lind in connection therewith.
Date
Conversion
Amount (000)
Shares
Issued
Conversion
Price/Share
July
27, 2022
$600
102,579
C$7.504
August
8, 2022
$250
43,128
C$7.496
September
7, 2022
$600
95,819
C$8.236
September
26, 2022
$200
30,734
C$8.845
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURES
Pursuant
to Section 1503(a) of the Dodd-Frank Act, issuers that are operators, or that have a subsidiary that is an operator, of a coal
or other mine in the United States are required to disclose specified information about mine health and safety in their periodic
reports. These reporting requirements are based on the safety and health requirements applicable to mines under the Federal Mine
Safety and Health Act of 1977 (the “Mine Act”) which is administered by the U.S. Department of Labor’s Mine
Safety and Health Administration (“MSHA”). During the three-month period ended September 30, 2022, the Company and
its subsidiaries and their properties or operations were not subject to regulation by MSHA under the Mine Act and thus no disclosure
is required under Section 1503(a) of the Dodd-Frank Act.
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