CleanGo Innovations Inc. announced a private placement of up to 750,000 units at a price of CAD 0.40 per unit for gross proceeds of CAD 300,000 on July 12, 2022. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is entitled to acquire one common share at an exercise price of CAD 0.60 for a period of 18 months from issuance.

The warrants will be subject to an acceleration clause if the trading price of the common shares is greater than CAD 0.85 for a period of ten consecutive days.