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CleanTech Cancels and Discontinues Shares for Salaries Agreement
CTVInnovid (CTV) Newsfile·2025-06-03 02:01

Core Points - CleanTech Vanadium Mining Corp. has decided to discontinue the Shares for Services Agreement effective April 1, 2025, following feedback from the TSX Venture Exchange regarding the issuance of shares below the minimum price [1][3][4] - A total of 1,877,863 shares were issued under the agreement, representing 15% of the officers' salaries, with 897,449 shares cancelled due to regulatory concerns [2][3] - The company issued 684,660 Salaried Shares since March 1, 2025, at a deemed price of 0.0225pershare,totaling0.0225 per share, totaling 15,401.38 in payments to officers [4] Company Overview - CleanTech Vanadium Mining Corp. is an exploration-stage mining company focused on critical mineral resources, owning a 100% interest in the Gibellini vanadium project in Nevada and having rights to acquire the EI Triunfo gold-antimony project in Bolivia [5]