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Financings

Protium Clean arranges $385,000 private placement

By The Northwire Desk — AI Analysis Oct 17, 2025 · 19:22 GRUV · 0.07 Protium Clean Energy Corp
GRUV · Price

Executive Summary

  • Protium Clean Energy Corp. announces a private placement of up to 7 million common shares at C$0.055 per share, targeting gross proceeds of up to $385,000.
  • All issued securities will be subject to a four‑month statutory hold period; the company may pay a finder's fee in cash and/or share purchase warrants.
  • Proceeds are earmarked for general working capital purposes, pending customary corporate and regulatory approvals.

Key Details

  • Offering Size: Up to 7 million common shares.
  • Price per Share: C$0.055 (5.5 cents).
  • Maximum Gross Proceeds: Approximately $385,000 CAD.
  • Statutory Hold Period: Four months on all securities issued in the placement.
  • Finder’s Fee: May be paid in cash and/or share purchase warrants, consistent with CSE policies.
  • Use of Proceeds: General working capital.
  • Closing Conditions: Subject to receipt of required corporate approvals, regulatory clearances, and CSE approval.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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