On April 8, 2024, HydroGraph Clean Power Inc. closed the transaction. The company issued 11,825,000 units of the Company at a issue price of CAD 0.10 per unit for gross proceeds of CAD 1,182,500 under final tranche. The company issued 31,711,856 Units in aggregate.

Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.180 per warrant share for a period of 24 months after the closing date of the Final Tranche. The securities issued in connection with the Final Tranche are subject to a hold period of four months and one day from April 5, 2024.

The Company paid cash finders? fees to a finder equal to 7% of the gross proceeds raised by the Finder, and issued broker warrants equal to 7% of the aggregate number of Units sold to purchasers introduced to the Company by the Finder. Each Broker Warrant entitles the holder thereof to acquire one broker unit at a price of CAD 0.10 for a period of two years from the Closing Date.

Each Broker Unit will consist of one Common Share and one half of one common share purchase warrant (each whole warrant. Each Broker Unit Warrant will be exercisable to purchase an additional Common Share at a price of CAD 0.18 per Common Share for a period of two years from the Closing Date.