Tisdale Clean Energy Corp. Announces Private Placement
Vancouver, Nov. 29, 2023 - Tisdale Clean Energy Corp. (the "Company" or "Tisdale") (CSE:TCEC), (OTC:TCEFF), (FSE:T1KC), is pleased to announce that it will offer, by way of non-brokered private placement (the "Offering"), up to 6,666,667 units (each, a "Unit") at a price of $0.18 per Unit for gross proceeds of up to $1,200,000. Each "Unit" will consist of one common share of the Company and one share purchase warrant exercisable at a price of $0.30 for a period of twenty-four months. The proceeds from the Offering will be used for general working capital purposes. In connection with completion of the Offering, the Company may pay finders' fees to eligible third-parties who have assisted in introducing subscribers to the Offering. All securities issued in connection with the Offering will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. Completion of the Offering remains subject to any required regulatory approvals.
For further information, contact Alex Klenman at info@tisdalecleanenergy.com or 604.970.4330.
ON BEHALF OF THE BOARD OF Tisdale Clean Energy Corp.
"Alex Klenman"
Alex Klenman, Chief Executive Officer
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the anticipated use of proceeds from the Offering and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
