Clear Blue Technologies International Announces Closing of $1.1 Million Private Placement

Executive Summary

• Clear Blue Technologies International Inc. closed the final tranche of its non‑brokered private placement, raising gross proceeds of $1,096,700.
• The offering issued 21,934,000 units at $0.05 per unit, each unit consisting of one common share and one common share purchase warrant (strike price $0.06, exercisable for 36 months).
• Net proceeds are earmarked for sales and business development activities and general working capital.

Key Details

• Units Issued: 21,934,000 units (1 common share + 1 warrant per unit).
• Pricing: $0.05 per unit; warrants exercisable at $0.06 per share for a 36‑month period.
• Gross Proceeds: $1,096,700.
• Use of Proceeds: Sales and business development initiatives; working capital.
• Finder Compensation: $36,540 paid in cash plus 730,800 finder’s warrants (each warrant allows purchase of one common share at $0.06 for 36 months).
• Regulatory Conditions: Closing subject to TSXV approval; securities subject to a hold period of four months and one day.
• Insider Participation: Insiders participated under MI 61‑101 exemptions; insider participation will not exceed 25% of market capitalization.

Notable Quotes

(No direct quotes were provided in the release.)