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Northstar Closes Strategic Investment of C$2.25 Million from Two Calgary-based Strategic Investors and Appoints Mr. Patrick Chiu to Board of Directors
Northstar Closes Strategic Investment of C$2.25 Million from Two Calgary-based Strategic Investor...
About this update from Northstar Clean Technologies, Inc.
[{"type":"text","content":"\n \n \n \n Northstar Closes Strategic Investment of C$2.25 Million from Two Calgary-based Strategic Investors and Appoints Mr. Patrick Chiu to Board of Directors\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n CALGARY AB\n \n \n ,\n \n \n June 27, 2024\n \n \n /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (\"Northstar\" or the \"Company\") is pleased to announce the successful completion and closing of a\n \n C$2\n \n .25 million strategic investment (together, the \"Strategic Investment\") from two\n \n Calgary\n \n -based strategic investors. One investor will remain anonymous, and one investor is the Chiu Family, an influential\n \n Calgary\n \n -based family and owner of Trico Homes (\"Trico\"), a leading homebuilder in\n \n Calgary, Alberta\n \n . The Strategic Investment was conducted as a non-brokered private placement of unsecured convertible debenture units (each, a \"Convertible Debenture Unit\") of the Company at a price of\n \n C$5,000\n \n per Convertible Debenture Unit. The Company intends to use the proceeds from the Strategic Investment for general corporate purposes and added contingency for Northstar's proposed asphalt reprocessing facility in\n \n Calgary, Alberta\n \n (the \"Empower Calgary Facility\").\n \n \n \n \n \n \n \n \n \n The Company further announces that Mr.\n \n Patrick Chiu\n \n , President of Trico Communities, has been appointed to the Board of Directors of the Company effective immediately.\n \n \n Mr.\n \n Aidan Mills\n \n , President & CEO and Director of Northstar, stated \"We are thrilled to announce the Strategic Investment by two major long-term\n \n Calgary\n \n -based investors. To welcome the Chiu Family as a new strategic investor in our company is very exciting. Trico is one of\n \n Calgary's\n \n most well-respected real estate companies, a certified B Corp...