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Financings

Protium Clean Energy closes $1.07-million unit offering

By The Northwire Desk — AI Analysis Mar 27, 2026 · 17:36 GRUV · 0.145 Protium Clean Energy Corp
GRUV · Price

Executive Summary

  • Protium Clean Energy Corp. closed an oversubscribed private placement, issuing 10.28 million units at $0.105 per unit for total gross proceeds of $1,079,400.
  • Each unit includes one common share and half a share purchase warrant; warrants are exercisable at $0.14 per share for two years.
  • Proceeds will fund hydrogen and mineral exploration activities and general working capital.

Key Details

  • Units Issued: 10,280,000 (oversubscribed by 280,000 units beyond the originally planned 10 million).
  • Price per Unit: $0.105 (10.5 cents).
  • Gross Proceeds: $1,079,400.
  • Unit Composition: 1 common share + ½ share purchase warrant.
  • Warrant Terms: Exercise price $0.14 per share; term expires two years from issuance.
  • Statutory Hold Period: All securities subject to a four‑month‑and‑one‑day hold period.
  • Finder’s Fee: Up to 10 % cash and 10 % warrants paid to eligible finders where applicable.
  • Use of Proceeds: Hydrogen exploration, mineral exploration, and general working capital.
  • Closing Conditions: Subject to approval by the Canadian Securities Exchange.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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