Vancouver, British Columbia--(Newsfile Corp. - February 24, 2025) - Clara Technologies Corp. (CSE: CLTE) (WKN: A3E4MS) (the "Company") is pleased to announce that it has closed its previously announced acquisition of Hunter Sales Co Pty Ltd. ("HSCPL"), a privately held arm's-length company established under the laws of Australia. In consideration for acquiring all of the outstanding share capital of HSCPL, the Company has issued to the shareholders of HSCPL a total of 6 million common shares, at a deemed issuance price of $0.18 per share, and 6 million common share purchase warrants, each warrant exercisable at a price of $0.23 for one additional common share of the Company for a term of twenty-four months. Based on the issuance price of the consideration shares, the Company values HSCPL at $1.08 million.
About Hunter Sales Co Pty Ltd.
Hunter Sales Co Pty Ltd. is a company based in Australia, that runs Sales Buddi, an innovative sales coaching platform and application, which uses artificial intelligence to refine the techniques of sales professionals by tailoring their approach to meet client needs and enhance sales outcomes.
On Behalf of the Board of Directors
Gerald Tritt
Director
(604) 671-4799
geraldtritt@gmail.com
www.claratech.ca
Forward-Looking Statements; Disclaimers:
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-Looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law. There can be no guarantee that the acquisition of HSCPL will be completed.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242228
SOURCE: Clara Technologies Corp.
