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Clear Blue Technologies (TSXV:CBLU) closes first tranche of unit offering

Renewable Energy, Technology, The Market Online Deal Room
TSXV:CBLU
29 April 2022 16:30 (EDT)
Clear Blue Technologies - CEO, Miriam Tuerk.

Source: GlobeNewswire.

Clear Blue Technologies (CBLU) has closed an initial tranche of a non-brokered unit offering for gross proceeds of approximately $989,834.

The company issued 5,822,554 units at a price of $0.17 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of C$0.22 for a period of 24 months.

Proceeds will be used for working capital requirements.

The company paid finder’s fees of $69,288 in cash and issued 407,579 finder’s warrants.

Clear Blue Technologies delivers clean, managed, wireless power across 37 countries.

Clear Blue (CBLU) ended the day trading at C$0.16 per share.

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