Protium Clean Energy Corp. Announces Continued Private Placement Offering

Executive Summary

• Protium Clean Energy Corp. is offering up to 10 million units at $0.105 per unit, targeting gross proceeds of up to $1.05 million.
• Each unit contains one common share and half a 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 10,000,000 units.
• Price per Unit: $0.105.
• Maximum Gross Proceeds: $1,050,000.
• 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 Fee: 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

• “The proceeds of the Offering will be used for hydrogen and mineral exploration as well as general working capital purposes.” – Marc Branson, CEO

Materiality Assessment: Non‑Material – Positive (the financing is modest in size and does not appear to materially affect the company’s overall financial position).