Item 4 — Purpose of Transaction
Item 4 of the Original Schedule 13D is hereby supplemented and amended to add the following information: On September 2, 2025, the Reporting Person and the Issuer jointly announced that they had entered into a definitive arrangement agreement (the "Arrangement Agreement") providing for the acquisition by the Reporting Person of all of the issued and outstanding shares in the capital of the Issuer (collectively, the "Shares") not already owned, directly or indirectly, by it for a price per Share of US$4.50 (the "Agreed Price"), by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"). The Arrangement Agreement provides for the terms and conditions pursuant to which the Agreed Price is payable by the Reporting Person, at the Issuer's shareholders' election, in (i) US$4.50 in cash, (ii) 0.273 of a common share of the Reporting Person or (iii) a combination of US$2.25 in cash and 0.136 of a common share of the Reporting Person, subject in the case of clauses (ii) or (iii) to proration, such that the aggregate consideration paid to the Issuer's shareholders will include no more than 25% in common shares of the Reporting Person. The consummation of the Arrangement is subject to a number of customary closing conditions for transactions of the nature of the Arrangement, including, among others: (i) approval of at least 66 2/3% of the votes cast by holders of Subordinate Voting Shares and Multiple Voting Shares (including the Reporting Person and its affiliates) present or represented by proxy at the special meeting of the shareholders to be held in connection with the approval of the Arrangement (the "Meeting"), voting together as a single class (with each Subordinate Voting Share entitling its holder to one vote and each Multiple Voting Share entitled its holder to ten votes), (ii) approval of a simple majority of the votes cast by holders of Subordinate Voting Shares present or represented by proxy at the Meeting, excluding for this purpose the Subordinate Voting Shares held, directly or indirectly, by the Reporting Person and by any other shareholder required to be excluded pursuant to the applicable rules and regulations, (iii) court approval and (iv) receipt of regulatory approval required under applicable foreign direct investment laws and customary stock exchange approvals. Riel B.V. (indirectly and wholly-owned by BPEA Private Equity Fund VI, L.P.1., BPEA Private Equity Fund VI, L.P.2 and certain of its affiliates) ("EQT"), the Issuer's largest minority shareholder holding approximately 31.0% of the outstanding Subordinate Voting Shares and 7.5% of the Multiple Voting Shares, as well as all of the Issuer's directors and officers, holding approximately 3.2% of the outstanding Subordinate Voting Shares, have entered into support and voting agreements with the Reporting Person under which they have agreed, among other things, to vote in support of the Arrangement at the Meeting, subject to certain exceptions. The forms of support and voting agreement entered into by EQT, on the one hand, and by the Issuer's directors and officers, on the other hand, are appended to the Arrangement Agreement and incorporated herein by reference (the "Voting Agreements"). The Arrangement Agreement includes customary non-solicitation provisions, which are subject to the right of the board of directors of the Issuer (the "Issuer Board") to make a change in its recommendation to shareholders in the event any "superior proposal" were to emerge (and subject to the Reporting Person's "right to match"). The parties have the right to terminate the Arrangement Agreement under certain circumstances, including on mutual agreement, if the shareholders of the Issuer do not approve the transaction, or if the transaction is not completed on or prior to the "outside date" of January 2, 2026. If the Arrangement Agreement is terminated under certain circumstances, the Reporting Person has agreed to reimburse the Issuer's expenses up to a maximum of US$10 million. In certain other circumstances, including if the Issuer's Board makes a change in recommendation and the transaction is not approved by the Issuer's shareholders, the Issuer will be required to reimburse the Reporting Person expenses up to a maximum amount of US$10 million. No break fees are payable under the Arrangement Agreement. On September 2, 2025, the Reporting Person and the Issuer issued a joint press release (the "Press Release") announcing the entering into of the Arrangement Agreement. Copies of the Arrangement Agreement, the Voting Agreements and the Press Release are filed as Exhibits 11, 12, 13 and 14, respectively, to the Original Schedule 13D, and incorporated herein by reference. The purpose of the Arrangement is to enable the Reporting Person to acquire 100% of the Shares not already owned by it. Upon the closing of the Arrangement, the Reporting Person' intention is to cause the Issuer to make an application t