View ValuationGelum Resources 将来の成長Future 基準チェック /06現在、 Gelum Resourcesの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Metals and Mining 収益成長18.2%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • May 20Gelum Resources Ltd. announced that it expects to receive CAD 5 million in fundingGelum Resources Ltd announced a non-brokered private placement to issue 13,513,514 units at an issue price of CAD 0.37 for gross proceeds of CAD 5,000,000.18 on May 19, 2026. Each unit consists of one common share of the company and one-half of one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share of the company at a price of CAD 0.52 per share for a period of 24 months from the closing of the private placement. All securities issued in connection with the private placement will have a four-month and one day hold period in Canada from closing. Finder’s fees of 7% cash and 7% non-transferable finder’s warrants, having the same terms as the warrants, may be paid to eligible finders in accordance with CSE policies and applicable securities laws.お知らせ • Mar 12Gelum Resources Ltd. announced that it has received CAD 1.501052 million in fundingOn March 11, 2026, Gelum Resources Ltd. closed the transaction. Insider participation included the Company’s new director, Chad Williams for 434,790 units. Finder’s fees were paid to Canaccord Genuity Corp. (CAD 14,007 and 60,900 finder’s warrants), Haywood Securities Inc (CAD 8,050 and 35,000 finder’s warrants) and Ventum Financial Corp. (CAD 4,830 and 21,000 finder’s warrants)お知らせ • Feb 05Gelum Resources Ltd. announced that it expects to receive CAD 1.5 million in fundingGelum Resources Ltd. announced a non-brokered private placement of up to 6,521,739 units at a price of CAD 0.23 per unit for aggregate proceeds of up to CAD 1,499,999.97 on February 5, 2026. Each unit consists of one common share and one-half of one common share purchase warrant, each warrant entitling the holder thereof to purchase one additional common share of the company at a price of CAD 0.38 per share for a period of 24 months from the closing of the private placement. Finders' fees of 7% in cash and 7% in finders' warrants may be payable to qualified finders in connection with the private placement. All securities issued in connection with the offering have a four-month-and-one-day hold period in Canada from closing. Finders' fees may be paid to eligible finders in accordance with Canadian Securities Exchange policies and applicable securities laws.お知らせ • Feb 04Gelum Resources Ltd., Annual General Meeting, Apr 06, 2026Gelum Resources Ltd., Annual General Meeting, Apr 06, 2026. Location: suite 1570, 200 burrard street, british columbia, v6c 3l6, vancouver Canadaお知らせ • Oct 29Gelum Resources Ltd., Annual General Meeting, Dec 30, 2024Gelum Resources Ltd., Annual General Meeting, Dec 30, 2024. Location: suite 1570, 200 burrard street, british columbia, v6c 3l6, vancouver CanadaNew Risk • Aug 28New major risk - Negative shareholders equityThe company has negative equity. Total equity: -CA$539k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$170k free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-CA$539k). Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€1.73m market cap, or US$1.92m). Minor Risk Shareholders have been diluted in the past year (7.4% increase in shares outstanding).お知らせ • Jan 18Gelum Resources Ltd. Receives Assay Results for Six Diamond-Drill Holes (1340 Metres) Completed in October At the Eldorado Gold ProjectGelum Resources Ltd. through its option agreement with Wealth Minerals Ltd. has received assay results for six diamond-drill holes (1340 metres) completed in October at the Eldorado Gold Project. Breccia and veins comprising chalcedonic silica (indicative of a high-level epithermal gold environment) with iron-carbonate and sulphides were intersected in all holes. Holes ELD23-01 (182 metres depth) and ELD23-02 (263 m) were drilled in opposite directions from the same drill pad. ELD23-01 was designed to test the potential of an interpreted subvertical "feeder" for the east-dipping breccias, and ELD23-02 targeted additional northeast-dipping, sulphide-bearing, siliceous ankerite vein/breccia panels structurally below an approximately 80metre thick panel intersected in hole ELD22-03 drilled in 2022. At a depth of 143.4 m, a 1 cm arsenopyrite vein was intersected at 75o to core and aligns with the downdip extension of the vein; a 0.82 m sample returned 0.743 g/t Au. Both drill hole appeared to intersect the Robson vein, though a 2 m interval between 25 - 27 m that returned 0.231 g/t Au may be the distal expression of the vein. The Robson vein is described as having a very shallow dip (parallel to slope) and may not strike into the area of these two holes. Three separate intervals ran 0.75 m at 0.294, 0.5 m at 0.605, and 1.37 m at 0.307 g/t Au (true widths estimated at 70-90%). The strong alteration suggests more mineralization could occur beneath the thick till cover to the east, on the main mineralized trend, and geophysics is warranted to develop additional drill targets. Readers are cautioned that historical drilling and surface sampling results reported here should be viewed primarily as a guidance for future exploration drilling. Gelum engaged Quesnel Bros. Diamond Drilling ("QB') in September 2023 to continue drilling the 3000-metre programme started in September 2022. A total of 1340.0 metres were drilled in six holes from five widely spaced platforms. As the drilling started late in the season (end of September), QB mobilized two rigs: 1) a lightweight Hydracore 2000 drill rig, supported with helicopter service by Eclipse Helicopters of Penticton, B.C., utilizing the nearby Gun Lake strip for logistics, and 2) a skid-mounted rig, which was trucked and pulled to site via the north logging road access and new drill trails to the ridge crest. All core was NQ size, and the average recovery was 87%. The Bralorne mines historically exploited the largest, highest-grade, longest-producing lode-gold deposit in B.C. Management is proud to have developed an excellent working relationship with the Bridge River Indian Band (Xwisten) the project is within the St'at'imc territory (Traditional Territory) in which Xwisten and its members assert, hold and exercise legally protected Aboriginal Title and Rights ("Ind Indigenous Title and Rights").お知らせ • Oct 17Gelum Resources Ltd.'S Drill Program Targeting High-Grade Gold Near Completion on Eldorado Gold ProjectGelum Resources Ltd. through its recently announced option agreement with Wealth Minerals Ltd. is completing an approximately 1.5 square kilometres of the main mineralized trend. Readers should note that geochemical results from a hand-held XRF analyzer are given herein only for exploration guidance and to determine mineralogy and relative metal content; the analysis significance is limited by the narrow (1cm) sampling window, inhomogeneity of mineralization, and limited depth penetration. All XRF results are subject to confirmation by chemical analysis from an independent laboratory when the samples are submitted.New Risk • Sep 17New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.3m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 54% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€2.74m market cap, or US$2.92m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).New Risk • Aug 30New major risk - Revenue and earnings growthEarnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€3.56m market cap, or US$3.89m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).お知らせ • Jul 23Gelum Resources Ltd., Annual General Meeting, Oct 03, 2023Gelum Resources Ltd., Annual General Meeting, Oct 03, 2023, at 09:00 Pacific Daylight. Location: Suite 2710 200 Granville Street Vancouver, BC V6C 1S4 Vancovuer British Columbia Canadaお知らせ • Jul 08Gelum Resources Ltd. announced that it expects to receive CAD 1.5 million in fundingGelum Resources Ltd. announced a non-brokered private placement consisting of 5,000,000 flow-through units at an issue price of CAD 0.20 per flow-through unit for the gross proceeds of CAD 1,000,000 and 3,125,000 non-flow through units at an issue price of CAD 0.16 per non flow-through unit for the gross proceeds of CAD 500,000, for the aggregate proceeds of CAD 1,500,000 on July 7, 2023. Each Flow-Through Unit and Non Flow-Through Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share of the Company at a price of CAD 0.30 per share for a period of 18 months from the closing of the Offering. All securities issued in connection with the Offering have a four-month and one day hold period in Canada from closing. Finder’s fees may be paid to eligible finders in accordance with CSE policies and applicable securities laws. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Gelum Resources は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測DB:7UA0 - アナリストの将来予測と過去の財務データ ( )CAD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数1/31/2026N/A000N/A10/31/2025N/A000N/A7/31/2025N/A000N/A4/30/2025N/A000N/A1/31/2025N/A-300N/A10/31/2024N/A-300N/A7/31/2024N/A-300N/A4/30/2024N/A-300N/A1/31/2024N/A-100N/A10/31/2023N/A-1-1-1N/A7/31/2023N/A-1-10N/A4/30/2023N/A-1-20N/A1/31/2023N/A0-20N/A10/31/2022N/A-1-20N/A7/31/2022N/A-1-1-1N/A4/30/2022N/A-1-1-1N/A1/31/2022N/A-1-10N/A10/31/2021N/A000N/A7/31/2021N/A000N/A4/30/2021N/A000N/A1/31/2021N/A000N/A10/31/2020N/A000N/A7/31/2020N/A000N/A4/30/2020N/A000N/A1/31/2020N/A000N/A10/31/2019N/A0N/A0N/A7/31/2019N/A0N/A0N/A4/30/2019N/A0N/A0N/A1/31/2019-11N/A0N/A10/31/2018-10N/A0N/A7/31/2018N/A0N/A0N/A4/30/2018N/A0N/A0N/A1/31/20181-4N/A-1N/A10/31/20171-4N/A-1N/A7/31/2017N/A-3N/A-1N/A4/30/2017N/A-3N/A-1N/A1/31/2017N/A-1N/A-1N/A10/31/2016N/A-1N/A-1N/A7/31/2016N/A-1N/A-1N/A4/30/2016N/A-1N/A-1N/A1/31/2016N/A-1N/A-1N/A10/31/2015N/A-1N/A-1N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 7UA0の予測収益成長が 貯蓄率 ( 1.9% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 7UA0の収益がGerman市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 7UA0の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 7UA0の収益がGerman市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 7UA0の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 7UA0の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 02:01終値2026/05/22 00:00収益2026/01/31年間収益2025/04/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Gelum Resources Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • May 20Gelum Resources Ltd. announced that it expects to receive CAD 5 million in fundingGelum Resources Ltd announced a non-brokered private placement to issue 13,513,514 units at an issue price of CAD 0.37 for gross proceeds of CAD 5,000,000.18 on May 19, 2026. Each unit consists of one common share of the company and one-half of one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share of the company at a price of CAD 0.52 per share for a period of 24 months from the closing of the private placement. All securities issued in connection with the private placement will have a four-month and one day hold period in Canada from closing. Finder’s fees of 7% cash and 7% non-transferable finder’s warrants, having the same terms as the warrants, may be paid to eligible finders in accordance with CSE policies and applicable securities laws.
お知らせ • Mar 12Gelum Resources Ltd. announced that it has received CAD 1.501052 million in fundingOn March 11, 2026, Gelum Resources Ltd. closed the transaction. Insider participation included the Company’s new director, Chad Williams for 434,790 units. Finder’s fees were paid to Canaccord Genuity Corp. (CAD 14,007 and 60,900 finder’s warrants), Haywood Securities Inc (CAD 8,050 and 35,000 finder’s warrants) and Ventum Financial Corp. (CAD 4,830 and 21,000 finder’s warrants)
お知らせ • Feb 05Gelum Resources Ltd. announced that it expects to receive CAD 1.5 million in fundingGelum Resources Ltd. announced a non-brokered private placement of up to 6,521,739 units at a price of CAD 0.23 per unit for aggregate proceeds of up to CAD 1,499,999.97 on February 5, 2026. Each unit consists of one common share and one-half of one common share purchase warrant, each warrant entitling the holder thereof to purchase one additional common share of the company at a price of CAD 0.38 per share for a period of 24 months from the closing of the private placement. Finders' fees of 7% in cash and 7% in finders' warrants may be payable to qualified finders in connection with the private placement. All securities issued in connection with the offering have a four-month-and-one-day hold period in Canada from closing. Finders' fees may be paid to eligible finders in accordance with Canadian Securities Exchange policies and applicable securities laws.
お知らせ • Feb 04Gelum Resources Ltd., Annual General Meeting, Apr 06, 2026Gelum Resources Ltd., Annual General Meeting, Apr 06, 2026. Location: suite 1570, 200 burrard street, british columbia, v6c 3l6, vancouver Canada
お知らせ • Oct 29Gelum Resources Ltd., Annual General Meeting, Dec 30, 2024Gelum Resources Ltd., Annual General Meeting, Dec 30, 2024. Location: suite 1570, 200 burrard street, british columbia, v6c 3l6, vancouver Canada
New Risk • Aug 28New major risk - Negative shareholders equityThe company has negative equity. Total equity: -CA$539k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$170k free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-CA$539k). Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€1.73m market cap, or US$1.92m). Minor Risk Shareholders have been diluted in the past year (7.4% increase in shares outstanding).
お知らせ • Jan 18Gelum Resources Ltd. Receives Assay Results for Six Diamond-Drill Holes (1340 Metres) Completed in October At the Eldorado Gold ProjectGelum Resources Ltd. through its option agreement with Wealth Minerals Ltd. has received assay results for six diamond-drill holes (1340 metres) completed in October at the Eldorado Gold Project. Breccia and veins comprising chalcedonic silica (indicative of a high-level epithermal gold environment) with iron-carbonate and sulphides were intersected in all holes. Holes ELD23-01 (182 metres depth) and ELD23-02 (263 m) were drilled in opposite directions from the same drill pad. ELD23-01 was designed to test the potential of an interpreted subvertical "feeder" for the east-dipping breccias, and ELD23-02 targeted additional northeast-dipping, sulphide-bearing, siliceous ankerite vein/breccia panels structurally below an approximately 80metre thick panel intersected in hole ELD22-03 drilled in 2022. At a depth of 143.4 m, a 1 cm arsenopyrite vein was intersected at 75o to core and aligns with the downdip extension of the vein; a 0.82 m sample returned 0.743 g/t Au. Both drill hole appeared to intersect the Robson vein, though a 2 m interval between 25 - 27 m that returned 0.231 g/t Au may be the distal expression of the vein. The Robson vein is described as having a very shallow dip (parallel to slope) and may not strike into the area of these two holes. Three separate intervals ran 0.75 m at 0.294, 0.5 m at 0.605, and 1.37 m at 0.307 g/t Au (true widths estimated at 70-90%). The strong alteration suggests more mineralization could occur beneath the thick till cover to the east, on the main mineralized trend, and geophysics is warranted to develop additional drill targets. Readers are cautioned that historical drilling and surface sampling results reported here should be viewed primarily as a guidance for future exploration drilling. Gelum engaged Quesnel Bros. Diamond Drilling ("QB') in September 2023 to continue drilling the 3000-metre programme started in September 2022. A total of 1340.0 metres were drilled in six holes from five widely spaced platforms. As the drilling started late in the season (end of September), QB mobilized two rigs: 1) a lightweight Hydracore 2000 drill rig, supported with helicopter service by Eclipse Helicopters of Penticton, B.C., utilizing the nearby Gun Lake strip for logistics, and 2) a skid-mounted rig, which was trucked and pulled to site via the north logging road access and new drill trails to the ridge crest. All core was NQ size, and the average recovery was 87%. The Bralorne mines historically exploited the largest, highest-grade, longest-producing lode-gold deposit in B.C. Management is proud to have developed an excellent working relationship with the Bridge River Indian Band (Xwisten) the project is within the St'at'imc territory (Traditional Territory) in which Xwisten and its members assert, hold and exercise legally protected Aboriginal Title and Rights ("Ind Indigenous Title and Rights").
お知らせ • Oct 17Gelum Resources Ltd.'S Drill Program Targeting High-Grade Gold Near Completion on Eldorado Gold ProjectGelum Resources Ltd. through its recently announced option agreement with Wealth Minerals Ltd. is completing an approximately 1.5 square kilometres of the main mineralized trend. Readers should note that geochemical results from a hand-held XRF analyzer are given herein only for exploration guidance and to determine mineralogy and relative metal content; the analysis significance is limited by the narrow (1cm) sampling window, inhomogeneity of mineralization, and limited depth penetration. All XRF results are subject to confirmation by chemical analysis from an independent laboratory when the samples are submitted.
New Risk • Sep 17New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.3m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 54% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€2.74m market cap, or US$2.92m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).
New Risk • Aug 30New major risk - Revenue and earnings growthEarnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€3.56m market cap, or US$3.89m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).
お知らせ • Jul 23Gelum Resources Ltd., Annual General Meeting, Oct 03, 2023Gelum Resources Ltd., Annual General Meeting, Oct 03, 2023, at 09:00 Pacific Daylight. Location: Suite 2710 200 Granville Street Vancouver, BC V6C 1S4 Vancovuer British Columbia Canada
お知らせ • Jul 08Gelum Resources Ltd. announced that it expects to receive CAD 1.5 million in fundingGelum Resources Ltd. announced a non-brokered private placement consisting of 5,000,000 flow-through units at an issue price of CAD 0.20 per flow-through unit for the gross proceeds of CAD 1,000,000 and 3,125,000 non-flow through units at an issue price of CAD 0.16 per non flow-through unit for the gross proceeds of CAD 500,000, for the aggregate proceeds of CAD 1,500,000 on July 7, 2023. Each Flow-Through Unit and Non Flow-Through Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share of the Company at a price of CAD 0.30 per share for a period of 18 months from the closing of the Offering. All securities issued in connection with the Offering have a four-month and one day hold period in Canada from closing. Finder’s fees may be paid to eligible finders in accordance with CSE policies and applicable securities laws.