Clear Blue Technologies Announces Increase and Extension of Private Placement

Core Viewpoint - Clear Blue Technologies International Inc. is increasing its non-brokered private placement offering to 24,000,000 units, extending the price protection to January 29, 2026, to complete subscriptions [1]. Group 1: Offering Details - The offering consists of up to 24,000,000 units, each unit includes one common share and one common share purchase warrant priced at $0.05 per unit, with warrants exercisable for 36 months at a strike price of $0.06, aiming for gross proceeds of up to $1.2 million [2]. - The first tranche closed on November 26, 2025, selling 6,000,000 units, while the second tranche closed on January 8, 2026, selling 9,474,000 units, resulting in total gross proceeds of $793,700 [2]. - The company paid aggregate finder's fees of $23,730 in cash and issued 474,600 finder's warrants, each allowing the purchase of one common share at $0.06 for 36 months [3]. Group 2: Regulatory and Compliance - The closing of the offering is subject to necessary regulatory approvals, including from the TSX Venture Exchange, and the securities issued will have a hold period of four months and one day from the issuance date [4]. - Certain insiders participated in the offering, which is considered a related party transaction under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Group 3: Company Overview - Clear Blue Technologies provides Smart Off-Grid™ power solutions for critical infrastructure such as telecommunications, IoT, and street lighting, enabling cost savings, predictive maintenance, and reliable power in challenging environments [7].