CVW Cleantech Rises 595 Percent in a Free-Trading Financing

May 20, 2022 03:02 PM PST

CVW CleanTech Inc. (TSX-V: CVW)

  • Type of financing: Non-brokered
  • Gross proceeds: $5 million
  • Number of units: 25 million 
  • Price per unit: $0.20
  • Closing date: 01/13/2022
  • Today's closing price (May 18): $1.39
  • Share appreciation: 595%
  • Warrants: Half    
  • Strike Price: $0.30
  • Expiry date: 01/12/26

Company breakdown:

  • Company that develops tech to recover bitumen, solvents, valuable minerals, and water from oil sands tailing ponds
  • Changed name from Titanium Corporation Inc. on March 16
  • Directors have participated heavily in the above placement and subsequence private placements
  • Shares of the company began to rise sharply following the above financing absent of much news other than another private placement in February, likely due to larger market forces surrounding oil
  • The company was awarded a $5 million grant from the industry in early 

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