26/10/09 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
BULLETIN V2026-3186
CLEAN ENERGY TRANSITION INC. ("TRAN")
BULLETIN TYPE: Private Placement-Non-Brokered, Property-Asset or Share Disposition Agreement
BULLETIN DATE: October 9, 2026
TSX Venture Tier 2 Company
Financing Type: Non-Brokered Private Placement
Gross Proceeds: $336,308.00
Offering: 8,407,700 Units with 8,407,700 Warrants attached
Offering Price: $0.04 per Unit
Warrant Exercise Terms: $0.08 per Listed Share for a 2-year period, subject to an acceleration right.
Commissions in Securities:
N/A
In connection with the Non-Brokered Private Placement, the TSX Venture Exchange has accepted for filing documentation the Royalty Right Certificate and Subscription Agreement (the "Agreement"), between the Company and subscribers of the Royalty Rights Offering (the "Investors"). Pursuant to the terms of Agreement, the Company has issued 8,407,700 contractual royalty rights ("Royalty Rights") at a price of $0.01 per Royalty Rights for aggregate gross proceeds of $84,077. Each Royalty Right entitles the holder, on a pro rata basis, to receive quarterly distributions in arrears of up to 50% of the Company's cash flow distribution generated from certain pilot projects. The total cumulative distributions to all Royalty Rights holders are capped at 50% of the total gross proceeds raised through the Royalty Rights Offering ("Distribution Cap"). If the Distribution Cap is met, all Royalty Rights will automatically terminate.
Disclosure: Refer to the Company's news releases dated June 22, 2026, September 11, 2026 and September 28, 2026.
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