Claren Energy Corp. (TSXV:CEN) announced a non-brokered private placement of up to 24,000,000 common shares at a price of CAD 0.05 per share for gross proceeds of up to CAD 1,200,000 on July 22, 2020. Certain insiders of the company may acquire shares under the transaction. All securities issued are subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The transaction is subject to all necessary regulatory approvals including acceptance from the TSX Venture Exchange. On the same date, the company announced that TSX Venture Exchange has accepted for filing documentation with respect to the transaction.