Clean Energy Transition Inc V.TRAN

Alternate Symbol(s): GCRIF

Metals & Mining Industrial Metals & Minerals

Clean Energy Transition Inc. is focused on opportunities to generate positive cash flow, across the energy transition. The Company includes a Quartz division focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Quebec. The silica in high-quality quartz can be used to make silicon metal, a key component in solar energy panels. The Snow White project is located in northern Ontario, 500km north-northwest of Toronto, 105km west of Sudbury. It is just over 40km by road from the town of Massey- 25km on highway and 15km on logging roads. The property comprises ten claim units within three staked unpatented mining claims totaling approximately 160 hectares. The Silicon Ridge Project is located approximately 40km north of the City of Baie-Saint-Paul, which borders the north shore of the Saint Lawrence River in central Quebec. Baie-Saint-Paul is about 100km northeast of Quebec City and approximately 350km northeast of Montreal.

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Clean Energy Transition Inc

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Post by paulindoonon Apr 07, 2018 8:20am

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Post# 27847007

New warrants @ 0.45 until 31May18

Although normally I am concerned when a company issues a PP for it means more dilution, but in this case I am thinking that it is actually good news. SCR definitely believes in RRS story. Note closing date (31May18) re warrants @ $0.45! This is surely most revealing:
https://ceo.ca/@nasdaq/rogue-announces-closing-of-private-placement

Excerpt: issuance and sale of 833,334 flow-through units (“FT Units”) at a price of $0.30 per FT Units. Each Unit consists of one flow through common share and one common share purchase warrant (each, a “Warrant”) entitling the holder thereof to purchase one common share at an exercise price of $0.45 until May 31, 2018. The subscriber to the Offering was SCR Mining and Tunnelling L.P. (“SCR”), together with certain of its affiliates.

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