On February 22, 2018, Clear Blue Technologies Inc. (“Clear Blue”) announced that, pursuant to the terms of the previously announced business combination with Dagobah Ventures Ltd., it had closed a private placement of subscription receipts (the “Subscription Receipts”) for aggregate gross proceeds of approximately $3.5 million at a price of C$0.80 per Subscription Receipt.

Clear Blue Technologies delivers clean, managed, “wireless power” to meet the global need for reliable, low-cost, off-grid power for lighting, telecom, security, Internet of Things devices, and other critical systems.

Peterson McVicar acted for Clear Blue Technologies Inc. with a team that included Dennis Peterson and Andrey Shamis.