Ostrom Climate Solutions Inc. announced a non-brokered private placement of up to 51,230,769 units at a per unit price of CAD 0.065 for gross proceeds of up to CAD 3,330,000 on January 12, 2022. Each unit will consist of one common share in the capital of the company and one non-transferable share purchase warrant, each warrant entitling the purchase of one common share at a per share price of CAD 0.085 for 60 months from the date of issuance of the securities. No finder's fees will be payable in connection with the transaction.

All securities issued will be subject to a hold period of four months and one day from the date of closing of the transaction in accordance with applicable securities legislation and the policies of the Exchange.