Delta CleanTech Inc. announced a non-brokered Private Placement to issue 30,000,000 units at a price of CAD 0.02 per unit for the gross proceeds of CAD 600,000 on February 7, 2024. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.05 per Warrant Share, for a period of five years after the date of issuance.

The Private Placement is a non-brokered Private Placement, and upon receipt of funds and shareholders? approval, the Units will be issued to arm?s length parties, two of whom will become insiders of the Company, due to the fact that they will each own or control, directly or indirectly, securities carrying more than 10% of the voting rights attached to all the Corporation?s outstanding voting securities. Currently, the company has 85,073,100 common shares and 29,886,500 warrants issued and outstanding and after closing of the Private Placement, may have up to 115,073,100 common shares and 59,886,500 warrants issued and outstanding.

The Company has called a special shareholder meeting to obtain approval of the Private Placement for March 12, 2024. All securities issuable under the Private Placement will be subject to a statutory hold period lasting four months and one day following the closing of the Private Placement. No finders?

fees are payable under the proposed Private Placement.