On March 15, 2024, Delta CleanTech Inc. closed the transaction. The company issued 10,600,000 units at a price of CAD 0.02 per unit for the gross proceeds of CAD 212,000 in its final tranche. The common shares issued, and the warrant shares are subject to a hold period under applicable securities law until July 16, 2024.

No bonuses, finder?s fees, compensation, or commissions are payable under the private placement. The transaction included participation from returning investors Michael DesLauriers and David DesLauriers for 7,500,000 units each.