Protium Clean arranges $385,000 private placement

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.)