Delta CleanTech Inc. announced a non-brokered private placement for the issuance of 21,250,000 units at a price of CAD 0.02 per unit for the gross proceeds of CAD 425,000 on December 14, 2023. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of Delta at an exercise price of CAD 0.05 per warrant share, for a period of five years after the date of issuance.

All securities issuable under the Private Placement will be subject to a statutory hold period lasting four months and one day following the closing of the Private Placement.