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Clear Blue Technologies International Inc. (OTCMKTS:CBUTF) Stock In Bearish Trend: Fell 21% Last Week

Clear Blue Technologies International Inc. (OTCMKTS:CBUTF) was down 21% last week. The Smart Off-GridTM Company has made a change to its previously planned convertible unsecured subordinated debt securities issuance in 2021.

Market Stats

On Friday, CBUTF stock slid 1.08% to $0.22 with more than 39k shares, compared to its average volume of 5.3k shares. The stock has moved within a range of $0.2100 – 0.2380 after opening trading at $0.21.

Provides Update to Convertible Debenture Financing and Engages Firm to Drive Social Media Engagement

Instead, the company raised C$2.799 million in gross proceeds from a private allocation of convertible unsecured debentures (the “Debentures”). The company nevertheless surpassed the total funding goal of C$4 million, which was initially disclosed on October 29, 2021, with the second batch completed and total net proceeds of C$4.334 million.

Corrections to the previously stated finders’ charges and broker warrants for introducing specific Offering subscribers have been made due to this modification. The company paid finders’ fees of $131,180 in cash and 319,200 broker warrants, and each broker warrant entitles the holder to purchase one Common Share for a term of 48 months at $0.40 per share. Also, the company wishes to disclose that it has secured a contract for continuous social media consultancy with Triomphe Holdings Ltd., Capital Analytica’s parent company. So CBUTF is worth keeping an eye on.

Published by Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.

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