On February 16, 2024, Northstar Clean Technologies Inc., closed the transaction. The company issued 275 convertible debenture unit at a price of CAD 5,000 per unit for the gross proceeds of CAD 1,375,000 in its second and final tranche closing. The transaction was oversubscribed with total proceeds of CAD 3,635,000. As a part of the tranche, the company has paid finders fees in the aggregate amount of CAD 15,050 and issued 75,250 non-transferable broker warrants. The private placement remains subject to the final approval of the TSXV. All securities issued in connection with the private placement will be subject to a statutory four-month hold period in accordance with applicable securities legislation.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered and non-brokered private placement. The transaction included participation from 30 placees, 4 existing insiders for 216 units and 2 pro groups for 5 units. The company has paid total finder's fees of CAD 50,750 in cash and issued 253,750 warrants.