NU E Power Corp. Closes First Tranche of Financing and Advances Alberta Interconnection and International Feasibility Programs

Executive Summary

• NU E Power Corp. closed the first tranche of a non‑brokered private placement, issuing 5,208,366 units at $0.12 per unit for gross proceeds of $625,003.92.
• Proceeds will fund final‑stage interconnection work on Alberta projects and launch environmental/feasibility studies in Mongolia and Malaysia, plus early‑stage initiatives in Africa.
• Finder compensation consisted of a 7 % cash fee on gross proceeds and the issuance of 260,050 finder warrants (each exercisable at $0.25 for 24 months).

Key Details

• Units sold: 5,208,366 units (each unit = 1 common share + ½ warrant).
• Pricing: $0.12 per unit; total gross proceeds $625,003.92.
• Warrant terms: Each warrant allows purchase of one common share at $0.25 for a period of 24 months from the closing date.
• Use of Proceeds:
• Advance Alberta‑based projects through final interconnection stages.
• Commence environmental and feasibility studies in Mongolia and Malaysia.
• Support early‑stage development initiatives in selected African markets.
• Strengthen technical, project, and governance capabilities for the 2026 execution cycle.
• Finder Compensation:
• Cash fee equal to 7 % of gross proceeds paid to each Finder.
• Issuance of 260,050 finder warrants (representing 7 % of units sold), exercisable at $0.25 per share for 24 months.
• Finders Involved: Ventum Financial Corp. and Haywood Securities Inc. acted as finders for a portion of the offering.
• Second Tranche: Planned to further fund the above initiatives, aiming to convert the pipeline into financeable, institutional‑grade infrastructure assets.

Notable Quotes

(No direct quotes were provided in the release.)