CleanTech Cancels and Discontinues Shares for Salaries Agreement
CleanTech Cancels and Discontinues Shares for Salaries
Agreement
VANCOUVER, British Columbia, June 2, 2025 – CleanTech Vanadium Mining Corp.
(TSX-V: CTV; OTCQB: CTVFF; Frankfurt: C9R) (“ CleanTech ” or the “ Company ”) reports the
Company and certain of its officers agreed to disco ntinue the Shares for Services Agreement
announced in news release dated October 8, 2024 and November 14, 2024.
Since the start of the Shares for Services Agreemen t, a total of 1,877,863 shares (“ Salaried
Shares ”) have been issued under the Shares for Services Agreements in lieu of 15% of the officers’
salaries.
Due to comments received from the TSX Venture Excha nge (“ TSXV ”) relating to Salaried Shares
being issued below the minimum issue price of $0.05 per share permitted by the TSXV, the
Company has cancelled 897,449 of the Salaried Share s which results in all remaining Salaried
Shares having been issued at a deemed price of $0.05 per share. The Company paid an aggregate
of $19,843 to the officers whose Salaried Shares were cancelled.
The Company and the officers in the table below agr eed to discontinue the Shares for Services
Agreement effective April 1, 2025.
Since March 1, 2025, 684,660 Salaried Shares were issued as follows:
Name of Officer Service Period Date of
Issuance
Number of
Shares Amount
Deemed
Price per
Share
Alex Bayer
(Bayer Law
Corporation)
February 2025
March 3, 2025 55,556 $1,250.00 $0.0225
John Lee February 2025 March 3, 2025 66,667 $1,500.00 $0.0225
Ron Espell February 2025 March 3, 2025 220,581 $4,959.63 $0.0225
Alex Bayer
(Bayer Law
Corporation)
March 2025 April 2, 2025 55,556 $1,250.00 $0.0225
John Lee March 2025 April 2, 2025 66,667 $1,500.00 $0.0225
Ron Espell March 2025 April 2, 2025 219,633 $4,941.75 $0.0225
TOTAL: 684,660 $15,401.38
Securities issued pursuant to the Shares for Servic es Agreement are subject to regulatory four
month hold period. The Company confirms that these shares issuances have not resulted in the
creation of a new Control Person.
About CleanTech Vanadium Mining Corp.
CleanTech is an exploration-stage mining company fo cused on critical mineral resources. The
Company owns a 100% interest in the Gibellini vanadium project in Nevada, United States and has
the right to acquire the EI Triunfo gold-antimony project in Bolivia.
Further information on CleanTech can be found at www.cleantechvanadium.com
ON BEHALF OF THE BOARD
“John Lee”
Chief Executive Officer
For more information about CleanTech, please contact:
Phone: 1.877.664.2535
Email: [email protected]
www.cleantechvanadium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.