UGE International Ltd. announced a private placement of 9% secured debentures of the company to US subscribers for aggregate gross proceeds of $518,700 on December 22, 2023. The Green Bonds are issued at a price of $950 per $1,000 principal amount. The Green Bonds mature on December 31, 2028, and bear interest at a rate of 9% per annum, payable semi-annual commencing on June 30, 2024.

On January 11, 2024, TSX venture exchange has accepted the filling. The company has raised $546,000 in funding pursuant to exemption provided under Regulation D. The transaction included participation from 14 investors.