(TheNewswire)
MONTREAL, QUEBEC – TheNewswire- March 1 st , 2022 –Dundee Sustainable Technologies Inc. (“ DST ” or the “ Corporation ”) (CSE:DST) (CNSX:DST.CN) (OTC: DNDDF ) ispleased to announce that it has completed the closing of anon-brokered private placement (the “Offering”) for totalconsideration of CDN$635,000 consisting of the issuance of 3,527,777units (each a “Unit”) at a price of 0.18$ per Unit of DST aslisted on the Canadian Securities Exchange (the “CSE”). A Unit consists of one subordinate voting share (each a“Share”) and one Share purchase warrant (a “Warrant”), witheach Warrant entitling its holder to purchase a Share of theCorporation at a price of CDN$ 0.31per Share over a 5-year period following the closing of theOffering.
All securities issued pursuant to the Offering are subject toregulatory approval and have a hold period of four months from thedate of closing of the Offering. The proceeds of the financing will beaffected to support commercial deployment of the technologies and forworking capital.
The Offering securities have not been and will not be registered underthe U.S. Securities Act of 1933, as amended (the “1933 Act”), orunder any state securities laws, and may not be offered or sold,directly or indirectly, or delivered within the United States or to,or for the account or benefit of, U.S. persons (as defined inRegulation S under the 1933 Act) absent registration or an applicableexemption from the registration requirements. This news release doesnot constitute an offer to sell or a solicitation to buy suchsecurities in the United States.
About Dundee SustainableTechnologies, a corporation controlled by Dundee Corporation
The Corporation is engaged in the commercialisation ofenvironment-friendly technologies for the treatment of materials inthe mining industry. Through the development of patented, proprietarymetallurgical processes, DST extracts precious and base metals frommineralised material, concentrates and tailings, while stabilisingcontaminants such as arsenic, which could not otherwise be extractedor stabilised with conventional processes because of metallurgicalissues or environmental considerations.
DST has filed, published and was granted patents for the GlassLockProcess™ and CLEVR Process™ in numerous countries.
FOR FURTHER INFORMATION PLEASECONTACT:
Mr. David Lemieux
President and CEO
Dundee Sustainable Technologies Inc.
Tel: (418) 423-7247 # 227
Cell: (418) 331-0486
FORWARD LOOKING STATEMENTS: This press release containsforward-looking statements that address future events and conditions,which are subject to various risks and uncertainties. Actual resultscould differ materially from those anticipated in such forward-lookingstatements as a result of numerous factors, some of which may bebeyond the Corporation’s control. These factors include generalmarket and industry conditions, risks related to continuous operationsand to commercialization of new technologies and other risks disclosedin the Corporation's filings with Canadian SecuritiesRegulators.
Forward-looking statements are based on theexpectations and opinions of the Corporation's management on the datethe statements are made. The assumptions used in the preparation ofsuch statements, although considered reasonable at the time ofpreparation, may prove to be imprecise and, as such, undue relianceshould not be placed on forward-looking statements. The Corporationexpressly disclaims any intention or obligation to update or revise any forward-looking statements whether as aresult of new information, future events or otherwise, except asrequired by applicable law.
Neither the CSE nor its RegulationServices Provider (as that term is defined in the policies of the CSE)accepts responsibility for the adequacy or accuracy of thisrelease.
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