Protium Clean arranges $1.05-million private placement

Executive Summary

• Protium Clean Energy Corp. announces a private placement of up to 10 million units at $0.105 per unit, targeting gross proceeds of approximately $1.05 million.
• Each unit includes one common share and half of a whole‑share purchase warrant; warrants are exercisable at $0.14 per share for two years.
• Proceeds will be allocated to hydrogen and mineral exploration activities and general working capital.

Key Details

• Offering Size: Up to 10 million units.
• Price per Unit: $0.105 (10.5 cents).
• Total Gross Proceeds: Up to $1.05 million.
• Unit Composition: 1 common share + ½ whole‑share purchase warrant.
• Warrant Terms: Exercise price $0.14 per share; expiration two years from issuance.
• Statutory Hold Period: Four months on all securities issued in the offering.
• Finder’s Fees: May be paid in cash and/or additional share purchase warrants, subject to CSE policies.
• Use of Proceeds: Hydrogen exploration, mineral exploration, and general working capital.
• Closing Conditions: Subject to corporate and regulatory approvals, including CSE approval.

Notable Quotes

(No quotes provided in the release.)