- Earth Alive Clean Technologies (EAC) has announced a non-brokered private placement for gross proceeds of up to $3 million
- The company will issue approximately 150,000,000 units at a price of $0.02 per unit
- All directors and senior management team members are expected to participate in the offering
- The company welcomes Mrs. Claudia Toussaint, Earth Alive’s first Chief Technology Officer
- Earth Alive is a soil health company and an industry leader in microbial technologies
- Earth Alive Clean Technologies Inc. (EAC) opened trading at C$0.025
Earth Alive Clean Technologies (EAC) has announced a non-brokered private placement for gross proceeds of up to $3 million.
The company will issue approximately 150,000,000 units at a price of $0.02 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a period of five years.
The offering is expected to close on March 24, 2023.
Nikolaos Sofronis, President and Chief Executive Officer, commented on the importance of the capital raise.
“Closing of the proposed offering will allow us to pursue our aggressive R&D strategy with a view to enhance our current products, add to our product portfolio and make our development plan a reality. When the offering closes, Earth Alive will be positioned to be amongst the leaders of the ecological transition.”
All directors and senior management team members are expected to participate in the offering.
All the securities issued will be subject to a statutory four-month hold period.
Earth Alive also announces the arrival of Mrs. Claudia Toussaint, Earth Alive’s first Chief Technology Officer, and the retirement of Mr. Jean-Paul Blais, previously VP, Corporate Development.
Earth Alive is a soil health company and an industry leader in microbial technologies.
Earth Alive Clean Technologies Inc. (EAC) opened trading at C$0.025.
