Mr. Jeff Allison reports
Michael DesLauriers has acquired units of Delta Cleantech Inc.
Mr.
DesLauriers acquired ownership and control, directly, over 7.5 million units, each unit
comprising one common share and one common share purchase warrant. Each
warrant entitles Mr. DesLauriers to purchase a common share of Delta at a price of five cents for five years
from issuance. These 7.5 million units were issued from treasury, pursuant to a private placement. Mr. DesLauriers now owns and controls 11.30 per cent of the issued and
outstanding securities of Delta on an undiluted basis and 18.39 per cent on a fully diluted basis.
Prior to the private placement, Mr. DesLauriers owned and controlled, directly, 5.5 million common
shares and 2.5 million warrants representing 6.46 per cent of the issued and outstanding common shares
of Delta on an undiluted basis, and 9.1 per cent on a fully diluted basis.
Each unit was acquired at a price of two cents, for the aggregate payment of $150,000.
Mr. DesLauriers acquired the units of Delta for investment purposes and from time to time,
Mr. DesLauriers may acquire additional securities of Delta, dispose of some or all of the existing or
additional securities it holds or will hold, or may continue to hold its current position.
To obtain a copy of the early warning report filed in connection with this matter, please contact
Michelle Westerman at michelle.westerman@deltaCleantech.com (phone: 306-596-9926). A copy of
this report will be filed on Delta's profile on SEDAR+.
Delta announces closing of
tranche 2 of private placement
Delta has closed the final tranche (tranche 2) of the private placement, previously
announced on Feb. 7, 2024, March 8, 2024, and March 13, 2024, by issuing an additional 10.6 million
units at a price of two cents per unit, for the gross proceeds of $212,000. Each unit consists of one common share and 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 July 16, 2024.
Postclosing of private placement tranche 1 and private placement tranche 2, Delta now has 115,073,100 common shares and 59,886,500 warrants issued
and outstanding. The proceeds will be utilized for working capital. No bonuses, finder's fees,
compensation or commissions are payable under the private placement.
About
Delta Cleantech Inc.
Delta is a 19-year ESG-driven (environmental, social, governance), 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 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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