On June 3, 2024, Current Water Technologies Inc. closed the transaction. The company issued 16,666,667 Common Shares at a price of CAD 0.03 per share for the gross proceeds of CAD 500,000.01. All securities issued pursuant to the Private Placement will be subject to a four month and one day hold period, in accordance with applicable securities laws. This Private Placement will not include Share Purchase Warrants. In connection with the Private Placement, the Company has paid no finder's fees.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 3 placees.