Mr. Brian Stecyk reports

CELLCUBE CLOSES SECOND TRANCHE OF DEBENTURE OFFERING

CellCube Energy Storage Systems Inc., formerly Stina Resources Ltd., further to its press release dated April 6, 2018, has completed the second tranche of its non-brokered secured convertible debenture financing through the issuance of $2.34-million principal amount of debentures. The debentures mature on the second anniversary of the date of issuance and bear interest at a rate of 9.0 per cent per annum, which shall accrue and be paid on the maturity date. Each debenture shall be convertible into units of the company at a conversion price of 60 cents per unit. Each unit will comprise one common share of the company and one-half of a common share purchase warrant, each whole warrant being exercisable to purchase a common share at an exercise price of $1 for a period of three years from the date of issuance.

Eligible persons were paid a cash commission equal to 6 per cent of the proceeds raised from subscribers introduced to the company by such finders.

The closing of the offering is subject to receipt of all necessary corporate approvals, including completion of the requisite filings with the Canadian Securities Exchange. All securities issued in connection with the offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Proceeds of the offering will be used for general working capital purposes.

We seek Safe Harbor.