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Announced

Cleantek Industries to acquire Raise Production.

Synopsis

Cleantek Industries, a a clean energy technology company, agreed to acquire Raise Production, an oilfield service company. Financial terms were not disclosed. "We are excited to be taking Cleantek public through an RTO of Raise and look forward to continuing to be able to grow our hydro-sustainable business with a focus on ESG and generating shareholder returns." Rick McHardy, Director of Raise and proposed Director of the Resulting Issuer (as defined below) added, "Cleantek's focus on delivering patented, sustainable technologies to a broad customer base across North America, is an excellent fit with Raise and we are thrilled to support this transaction," Jesse Curlett, Cleantek CEO.

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