Ostrom Climate Solutions Inc. announced a non-brokered private placement of up to 18,115,942 common shares at a price of CAD 0.069 per share for the gross proceeds of up to CAD 1,250,000 on September 26, 2023. In connection with the offering, one insider is expected to participate in the private placement offering for aggregate cash consideration of CAD 250,000, as the fair market value of the securities distributed in connection with the Offering, and the consideration received by the company for those securities did not exceed CAD 2,500,000. All securities issued will be subject to a hold period of four months and one day from the date of closing of the offering in accordance with applicable securities legislation and the policies of the Exchange.

The transaction is subject to the approval of the Exchange.