Clear Blue Technologies: Updates on Financing Agreements with RE Royalties
Toronto, April 9, 2025 – Clear Blue Technologies International Inc. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF) recently issued an updated version of their earlier press release regarding the Financing Agreements with RE Royalties. The following details the corrections:
Corrected Information
In the original release, it was mentioned that the Financing Agreements with RE Royalties consisted of a secured convertible debenture and a common share purchase agreement. However, the corrected version states:
- The Financing Agreements consist of a secured convertible debenture and a common share purchase agreement with an affiliate of RE Royalties.
- The secured convertible debenture is for an aggregate principal amount of CAD $10 million.
- The common share purchase agreement is for the sale of 12,500,000 common shares of Clear Blue Technologies.
Additionally, the corrected release specifies that the Financing Agreements are subject to the approval of the TSX Venture Exchange.
Impact on Clear Blue Technologies
The updated Financing Agreements with RE Royalties will provide Clear Blue Technologies with CAD $10 million in financing. This significant investment will support the company’s growth initiatives and enable them to expand their business in the renewable energy sector. The common share purchase agreement will also increase Clear Blue Technologies’ share capital, potentially leading to increased market visibility and investor interest.
Impact on the World
Clear Blue Technologies’ successful financing round with RE Royalties is a positive sign for the renewable energy industry as a whole. This investment will contribute to the development and implementation of innovative renewable energy solutions, helping to reduce greenhouse gas emissions and promote a more sustainable future. Furthermore, the increased visibility and investor interest in Clear Blue Technologies may inspire other companies in the sector to pursue similar financing opportunities.
Conclusion
Clear Blue Technologies’ updated Financing Agreements with RE Royalties represent a significant step forward for the company and the renewable energy industry. The CAD $10 million investment will support Clear Blue Technologies’ growth initiatives and contribute to the development of innovative renewable energy solutions. The potential increase in market visibility and investor interest may also inspire other companies in the sector to pursue similar financing opportunities. Together, these developments demonstrate the growing importance of renewable energy and the innovative solutions being developed to address the world’s energy needs.
