Ostrom Climate Solutions Inc. announced a private placement of convertible debenture for proceeds of CAD 280,000 on June 15, 2022. The transaction will include participation from returning investor WBZ GmbH. The debenture bears an interest rate of 5% p.a. The convertible debenture has a maturity date of June 14, 2027, may at its sole option, convert the Principal and accrued and unpaid Interest, in whole or in part, into fully paid and non-assessable common shares of the Company as they are now constituted at a deemed price of CAD 0.10 per share.

All securities issued will be subject to a hold period of four months and one day from their issuance, in accordance with applicable securities legislation and the policies of the Exchange. The transaction is subject to acceptance by the TSX Venture Exchange.