Mr. Anthony Sarvucci reports
CLEANGO INNOVATIONS INC. ANNOUNCES EXTENSION OF WARRANTS
Cleango Innovations Inc. intends to extend the expiry date of an aggregate of one million common share purchase warrants, issued in connection with convertible note conversions on April 18, 2023, and June 26, 2023, and a debt settlement on June 6, 2023, all exercisable at a price of 40 cents per share.
The prior warrants issued on April 18, 2023, are currently set to expire on April 18, 2026, the prior warrants issued on June 6, 2023, are currently set to expire on June 6, 2026, and the prior warrants issued on June 26, 2023, are currently set to expire on June 26, 2026. The company intends to apply to the Canadian Securities Exchange for approval to extend the expiry dates of all the prior warrants to June 30, 2027. All other terms and conditions of the prior warrants will remain unchanged.
Cleango believes the proposed extension provides warrantholders with flexibility and supports the company's capital structure as it advances strategic initiatives.
About Cleango Innovations Inc.
Cleango Innovations is a leading developer and manufacturer of proprietary
green solutions
in the
residential,
oil and gas, marine, and industrial cleaning markets, utilizing green chemistry and commercial infrastructure
certified green, non-toxic and sustainable cleaning and industrial solutions. With a focus on innovation and environmental responsibility, Cleango offers a diverse portfolio of products for retail, commercial and industrial applications, including the demanding oil and gas services sector.
This joint venture underscores Cleango's commitment to global expansion and its dedication to fostering a cleaner, greener future for critical industries worldwide.
We seek Safe Harbor.
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