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

Core Viewpoint - Clear Blue Technologies International Inc. has successfully closed the final tranche of its non-brokered private placement, raising a total of $1,096,700 in gross proceeds [1]. Group 1: Offering Details - The final tranche of the Offering involved the issuance of 21,934,000 units, with each unit priced at $0.05, consisting of one common share and one common share purchase warrant [2]. - Each warrant is exercisable for 36 months at a strike price of $0.06, and the net proceeds will be allocated for sales, business development, and working capital [2]. Group 2: Finder's Fees and Regulatory Approvals - The Company paid finder's fees totaling $36,540 in cash and issued 730,800 finder's warrants, each allowing the purchase of one common share at $0.06 for 36 months [3]. - The closing of the Offering is contingent upon receiving all necessary regulatory approvals, including from the TSXV, and the securities are subject to a hold period of four months and one day [4]. Group 3: Insider Participation - Certain insiders participated in the Offering, which is classified as 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 4: Company Overview - Clear Blue Technologies specializes in Smart Off-Grid™ power solutions for critical infrastructure, including telecommunications, IoT, and street lighting, providing cost savings and reliable power in challenging environments [7].