06:07:59 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Delta Cleantech Inc
Symbol DELT
Shares Issued 58,523,100
Close 2023-12-22 C$ 0.025
Market Cap C$ 1,463,078
Recent Sedar Documents

Delta Cleantech closes $425,000 placement of units

2023-12-22 17:58 ET - News Release

Mr. Jeff Allison reports

DELTA ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Delta Cleantech Inc. has closed the private placement, previously announced on Dec. 14, 2023, by issuing 21.25 million units at a price of two cents per unit for the gross proceeds of $425,000. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share of Delta at an exercise price of five cents per warrant share for a period of five years. The common shares issued, and the warrant shares, are subject to a hold period under applicable securities law until April 23, 2024.

Prior to the private placement, Delta had 63,823,100 common shares and 19,261,500 warrants issued and outstanding and after closing of the private placement, Delta now has 85,073,100 common shares and 29,886,500 warrants issued and outstanding. The proceeds will be utilized for working capital. No bonuses, finders' fees, compensation or commissions are payable under the private placement.

Delta Cleantech is a 19-year ESG-driven (environment, social and governance) recognized technology leader in CO2 capture, decarbonization of energy, solvent and glycol reclamation, methane destruction, blue hydrogen production, and carbon credit aggregation and management. Delta continues to provide solutions to clients all over the world in sequestering, capturing and reducing CO2 and through its affiliate, Carbon RX, is originating, validating, digitizing and streaming carbon credits.

We seek Safe Harbor.

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