06:09:56 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Delta Cleantech Inc
Symbol DELT
Shares Issued 85,073,100
Close 2024-03-07 C$ 0.025
Market Cap C$ 2,126,828
Recent Sedar Documents

Delta Cleantech to seek holder OK for $600,000 offering

2024-03-08 14:55 ET - News Release

Mr. Jeff Allison reports

DELTA ANNOUNCES PRIVATE PLACEMENT

Delta Cleantech Inc., further to its announcement on Feb. 7, 2024, will seek majority of the minority shareholders approval for the issuance of 30 million units at a price of two cents per unit, for the aggregate gross proceeds of up to $600,000 on March 12, 2024. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle 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 after the date of issuance.

Upon shareholders' approval, the units will be issued to one director, one officer and arm's-length parties, two of whom will become insiders of the company, due to the fact that they will each own or control, directly or indirectly, securities carrying more than 10 per cent of the voting rights attached to all the corporation's outstanding voting securities. Currently, Delta has 85,073,100 common shares and 29,886,500 warrants issued and outstanding, and, after closing of the private placement, will have 115,073,100 common shares and 59,886,500 warrants issued and outstanding.

About Delta Cleantech Inc.

Delta Cleantech is a 19-year ESG (environmental, social and governance)-driven, recognized global technology leader specializing in developing carbon mitigation products for energy transition industry. Delta continues to provide solutions to clients all over the world in capturing and sequestering CO2 (carbon dioxide), and reclaiming industrial liquids and solvents utilized in CO2 capture, as well as originating, validating, digitizing and streaming carbon credits through its subsidiary, Carbon RX.

We seek Safe Harbor.

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