TORONTO, June 30, 2022 (GLOBE NEWSWIRE) -- Clear Blue Technologies International Inc. (“Clear Blue” and the “Company”) (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF), the Smart Off-Grid Company™, is pleased to announce that it has entered into debt settlement agreements with certain directors, officers and employees of the Company (the “Creditors”) to settle aggregate indebtedness of $61,496 owing by the Company to the Creditors that will be converted into an aggregate of 439,255 common shares of the Company (each a "Common Share", and collectively, the "Common Shares") at a price per Common Share of $0.14 (the “Shares for Debt Transaction”), being slightly higher than $0.125, the closing price of the Common Shares on the TSX Venture Exchange (the "Exchange") on the 29th of June, 2022, thereby allowing the Company to preserve cash and improve its balance sheet.
Clear Blue Technologies International Announces Shares for Debt Transaction and Annual Incentive Compensation Awards
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