HydroGraph Clean Power Inc announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.16 per Unit, for aggregate gross proceeds of up to CAD 1,600,000 on May 22, 2024. Each Unit will consist of one common share in the capital of the Company and one-half of one Common Share purchase warrant of the Company. Each Warrant will entitle the holder thereof to purchase one Common Share at a price of CAD 0.27 per Warrant Share for a period of 36 months after the closing date of the Offering.

The Offering is expected to close on or about June 7, 2024, or in any other date or dates as the Company may determine. Closing of the Offering is subject to receipt of all regulatory approvals. The Units issued under the Offering, and the underlying securities, will be subject to certain resale restrictions such as a hold period of four months and a day from the closing date.