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CleanTech Vanadium Mining Corp.
ISIN: CA18453A1012
WKN: A40RA4
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CleanTech Vanadium Mining · ISIN: CA18453A1012 · Newsfile Corp. (ID: 241950)
22 February 2025 03:13AM

CORRECTION FROM SOURCE: CleanTech Issues Shares for Salaries to Align Management and Shareholder Interests


Vancouver, British Columbia--(Newsfile Corp. - February 21, 2025) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or the "Company") announces that the following CleanTech common shares were issued pursuant to the Shares for Services Agreements with its senior management team effective November 1, 2024 and detailed in the news releases dated October 8, 2024 and November 14, 2024 (the "Shares for Services Agreement").

Since November 1, 2024, 1,193,203 shares have been issued under the Shares for Services Agreements in lieu of 15% of senior management salaries.

The table below sets out each individual issuance:

Name of OfficerDate of IssuanceNumber of
Shares
CAD $
Amount
Deemed Price
per Share
Alex Bayer
(Bayer Law Corporation)
November 1, 202433,332$1,250.00$0.0375
Alex Bayer
(Bayer Law Corporation)
December 1, 202437,037$1,250.00$0.03375
Rob Van DrunenDecember 1, 202492,593$3,125.00$0.03375
John LeeDecember 1, 202444,444$1,500$0.03375
Ron EspellDecember 1, 2024142,694$4,812.50$0.03375
Alex Bayer
(Bayer Law Corporation)
January 2, 202541,667$1,250.00$0.03
Rob Van DrunenJanuary 2, 2025104,167$3,125.00$0.03
John LeeJanuary 2, 202550,000$1,500$0.03
Ron EspellJanuary 2, 2025164,874$4,946.22$0.03
Alex Bayer
(Bayer Law Corporation)
February 3, 202555,556$1,250.00$0.0225
Rob Van DrunenFebruary 3, 2025138,889$3,125.00$0.0225
John LeeFebruary 3, 202566,667$1,500$0.0225
Ron EspellFebruary 3, 2025221,283$4,978.88$0.0225
TOTAL:
1,193,203$33,612.60

 

Securities issued pursuant to the Shares for Services Agreement are subject to regulatory four month hold periods.

The Company confirms that these shares issuances have not resulted in the creation of a new Control Person.

About CleanTech Vanadium Mining Corp.

CleanTech is an exploration-stage mining company focused on vanadium and critical mineral resources. The Company owns a 100% interest in the Gibellini vanadium project in Nevada, United States.

Further information on CleanTech can be found at www.cleantechvanadium.com.

CLEANTECH VANADIUM MINING CORP.

ON BEHALF OF THE BOARD

John Lee
Chief Executive Officer

For more information about CleanTech, please contact:

Suite 1610 - 409 Granville Street
Vancouver, BC V6C 1T2
Phone: 1.877.664.2535
Email: info@cleantechvanadium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241950

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