Convertible debentures (Tables)

12 Months Ended

Dec. 31, 2023

Convertible Debentures

Schedule of Fair Value Assumptions of Conversion Features

The relative fair value of the warrants and conversion features were determined using the Black-Scholes Option Pricing Model using the assumptions set out as follows:

	April 20, 2023
Risk-free interest rate		3.86	%
Expected volatility		101.71 – 119.94	%
Dividend yield		0	%
Expected life		2.03–2.19 years

Schedule of Convertible Debt

A continuity schedule of the Company’s convertible debt is as follows:

Balance as at January 1, 2023	$	-
Issued		11,135,145
Transaction costs		(992,525	)
Transaction costs allocated to equity		77,086
Relative fair value of conversion feature		(369,181	)
Relative fair value of Warrants		(495,653	)
Repayment		(709,022	)
Accretion		578,675
Interest		931,962
Currency translation adjustment		173,232
Balance as at December 31, 2023	$	10,329,719
Current	$	227,092
Long-term	$	10,102,627