Puretech Health Plc (PTCHF)

Patch International Inc. was incorporated as Praxis Pharmaceuticals, Inc. on June 20, 1997 under the laws of the State of Nevada. The Company is an oil sands company actively engaged in the exploration and development of in situ oil sands located in the province of Alberta. Patch"s lands are located in the heart of the world renowned Athabasca oil sands, northeast of Fort McMurray, Alberta. The resource basin contained within is bitumen rich, high quality and proven economic to produce. Oil sands are a viscous mixture of sand, bitumen, clay and water with the consistency of cold molasses and according to the Alberta Economic Development Authority, Alberta"s oil sands are believed to contain the equivalent of 315 billion barrels of oil, of which 175 billion have already been established as commercially viable using today"s extraction methods. Oil sands exploration and acquisition of undeveloped properties is very competitive and speculative business. It competes with a number of other companies, including oil companies and other independent operators which are more experienced. The Company"s oil and gas operations are subject to various federal, provincial and local governmental regulations. Matters subject to regulation include discharge permits for drilling operations, drilling and abandonment bonds, reports concerning operations, the spacing of wells and pooling of properties and taxation.