Clear Blue Technologies Closes Final Tranche of Oversubscribed $2.5 Million Private Placement - Seite 2

Proceeds from the private placement are to be used for sales, marketing, research and development, and working capital requirements.

Clear Blue also announces that it has issued 1,200,000 stock options to certain management and employees of the Company. These options have a five-year term, with vesting in two equal instalments consisting of six months from the date of the grant and on the twelve months of the initial grant. The exercise price on the options is $0.08.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

Clear Blue Hosting Investor Webinar

Clear Blue CEO Miriam Tuerk will host a webinar on Wednesday, February 1, 2023 at 1pm Eastern Time to discuss the eSite transaction as well as the closing of the non-broker private placement. Investors can access the webinar by registering at the following link:

https://us06web.zoom.us/webinar/register/WN_qBH6fLkYTnuQKZlVqHVKUA

About Clear Blue Technologies

Clear Blue Technologies International, the Smart Off-Grid company, was founded on a vision of delivering clean, managed, “wireless power” to meet the global need for reliable, low-cost, solar and hybrid power for lighting, telecom, security, Internet of Things devices, and other mission-critical systems. Today, Clear Blue has thousands of systems under management across 37 countries, including the U.S. and Canada. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF)

Legal Disclaimer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Investor Relations:
Miriam Tuerk
Co-Founder and CEO
[phone]
[e-mail]
http://www.clearbluetechnologies.com/en/investors

Investor Relations:
Nikhil Thadani
Sophic Capital
[phone]
[e-mail]