16. SUBSEQUENT EVENTS

The Company evaluated subsequent events through August 13, 2024, the date on which these interim financial statements were issued, to ensure that this filing includes appropriate disclosure of events both recognized in the interim financial statements as of and subsequent to June 30, 2024, but were not recognized in the interim financial statements. Except as disclosed below, there were no events that required recognition, adjustment or disclosure in the financial statements.

From July 1, 2024 through August 13, 2024, the Company issued 7,500,000 common shares upon conversion of convertible debt and conversion of convertible debt in lieu of repayment in cash (principal and interest of $750,000).

From July 1, 2024 through August 13, 2024, the Company issued 509,442 common shares as part of compensation to Company officers.

As of July 16, 2024, 64,486 Company warrants issued as part of its IPO expired.

On July 1, 2024, the Board of Directors of the Company approved the following compensation for its Chairman, David Welch:

David Welch, shall be compensated, effective July 1, 2024, in addition to the Board fees he is currently receiving, $45,000 per annum in cash, and restricted stock units (“RSUs”) valued at $50,000 for each acquisition and/or joint venture transaction which is consummated.