Vancouver, B.C. – December 22, 2023 – CleanGo Innovations Inc. (CSE: CGII) (OTC: CLGOF) (FRA: APO2) (“CleanGo” or the “Company”) is pleased to announce that it has closed its non-brokered private placement (the "Offering") pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the "LIFE Exemption"), by issuing 835,564 units (each, a "Unit") at a price of $0.60 per Unit for aggregate gross proceeds of $501,338.60.
The Company filed a Form 45-106F19 offering document (the "Offering Document") on October 26, 2023, as amended on November 16, 2023, relating to the Offering. The amended Offering Document may be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website: https://www.cleangoinnovations.com.
Each Unit consists of:
- One common share in the capital of the Company (a "Common Share")
- One Common Share purchase warrant (a "Warrant")
Each Warrant entitles the holder to acquire one additional Common Share at an exercise price of CAD$0.90 per share, valid for a period of 36 months from the date of issuance.
The Units issued in the Offering are not subject to any statutory hold period under applicable Canadian securities laws, in accordance with the LIFE Exemption.
Use of Proceeds: The proceeds from the Offering will be used to:
- Fund the development and execution of pilot industrial programs
- Purchase equipment and stock to expand the Company’s product line
- Support general working capital, as detailed in the Offering Document
Legal Disclaimer: This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, or any state securities laws, and may not be offered or sold in the U.S. without proper registration or exemption.
About CleanGo Innovations Inc.
CleanGo Innovations Inc. is an international, publicly traded company specializing in the development of early-stage, green, non-toxic, and sustainable cleaning products for retail, commercial, and industrial use.
The company offers a suite of proprietary, Green Seal Certified, non-toxic products that are Health Canada-approved to disinfect 99.9% of viruses and bacteria on hard surfaces. CleanGo’s products are Cruelty Free / Leaping Bunny certified, and safe for both families and pets.
Mission:
To become the world’s leading provider of non-toxic, green cleaning solutions, addressing real-world environmental and health concerns.
CleanGo’s experienced team leverages science-driven innovation to solve modern cleaning challenges, delivering quality, eco-safe products that help keep homes and workplaces clean and safe.
On behalf of the CEO & Board of Directors
Anthony Sarvucci
Chief Executive Officer
CleanGo Innovations Inc.
For More information Contact:
Phone 1 346 202 6202
Forward-looking Information
This news release may contain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation. Forward-looking statements can often be identified by words such as “will”, “plans”, “expects”, “may”, “intends”, “anticipates”, “believes”, proposes” or variations of such words including negative variations thereof and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Actual results could differ from those projected in any forward-looking statements due to numerous factors, including risks and uncertainties relating to general economic, market or business conditions or changes in laws, regulations and policies affecting the Company’s operations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. Any forward-looking statements included in this news release are made as of the date hereof and the Company does not intend to update or revise any forward-looking statements, except as expressly required by law.