Northwire Canada EditionWednesday, October 21, 2026
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Financings

Clear Blue Technologies Announces Increase and Extension of Private Placement

CBLU · Price

Executive Summary

  • Clear Blue Technologies International Inc. applied to the TSX Venture Exchange to increase its non‑brokered private placement to up to 24 million units, raising potential gross proceeds of $1.2 million.
  • To date, two tranches have closed, delivering total gross proceeds of $793,700 from the sale of 15,474,000 units.
  • The offering includes common shares and share purchase warrants (exercise price $0.06) with a 36‑month expiry; finders were compensated with cash fees and additional warrants.

Key Details

  • Offering Size & Structure: Up to 24 million units; each unit = 1 common share + 1 warrant. Unit price: $0.05.
  • Warrant Terms: Exercisable for 36 months at a strike price of $0.06 per share.
  • Potential Gross Proceeds: Up to $1.2 million if the full 24 million units are sold.
  • First Tranche (closed 26 Nov 2025): 6,000,000 units sold.
  • Second Tranche (closed 8 Jan 2026): 9,474,000 units sold.
  • Total Gross Proceeds to Date: $793,700 from the two tranches.
  • Finder Compensation: Cash fees of $23,730 plus 474,600 Finder’s Warrants (each warrant allows purchase of one common share at $0.06 for 36 months).
  • Regulatory Conditions: Closing subject to TSXV approval and other regulatory consents; securities subject to a hold period of four months and one day from issuance.
  • Insider Participation: Insiders participated, constituting a related‑party transaction under MI 61‑101; expected to remain below 25 % of market capitalization, allowing reliance on exemption from formal valuation and minority‑shareholder approval requirements.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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