11:37:58 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Delta Cleantech Inc
Symbol DELT
Shares Issued 85,073,100
Close 2024-03-14 C$ 0.045
Market Cap C$ 3,828,290
Recent Sedar Documents

Delta Cleantech investor DesLauriers acquires units

2024-03-15 14:49 ET - News Release

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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