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Dundee Sustainable Technologies Inc. closes $500,000 Non-Brokered Private Placement Financing

  November 23, 2017

MONTREAL, QUEBEC, November 23, 2017 – Dundee Sustainable Technologies Inc. (“DST” or the “Corporation”) (CSE: DST) is pleased to announce that it has completed the closing of a non-brokered private placement for total consideration of $500,000 consisting of the issuance of 14,285,714 units (each a “Unit”) at $0.035. A Unit consists of one subordinate voting share (a “Subordinate Voting Share”) and one Subordinate Voting Share purchase warrant (a “Warrant”), with each Warrant entitling its holder to purchase a Subordinate Voting Share of the Corporation at $0.06 over a 5-year period following the closing.

DST applied for and was granted relief from the CSE’s minimum price rule. All securities issued pursuant to the private placement are subject to regulatory approval and have a hold period of four months and one day from the date of closing. The proceeds of the financing are for working capital purposes.

The Units have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, of for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

All monies quoted in this press release shall be stated and paid in lawful money of Canada.

Additionally, the Corporation announces that Mr. Ned Goodman has retired from its Board of Directors. Mr. Goodman, a leading financier and company builder in the mining industry, has served with distinction on DST’s board since June 8, 2012.

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