Hertz Energy Announces Non-Brokered Private Placement

Executive Summary

• Hertz Energy Inc. announced a non‑brokered private placement of up to 4,400,000 units at $0.10 per unit, targeting gross proceeds of up to $440,000.
• Each unit consists of one common share and one warrant to purchase an additional common share at $0.125 exercisable within 36 months.
• Proceeds will be used for general and administrative expenses and to advance the Lake George Antimony project.

Key Details

• Units Offered: Up to 4,400,000 units at $0.10 per unit.
• Gross Proceeds Target: Up to $440,000.
• Unit Composition:
• 1 common share of Hertz Energy Inc.
• 1 warrant to purchase an additional common share at $0.125 per share.
• Warrant Terms: Exercisable any time on or before 36 months from the closing date.
• Use of Proceeds: General and administrative matters; advancement of the Lake George Antimony project in New Brunswick.
• Closing: May occur on one or more dates as determined by the company.
• Statutory Hold Period: All securities subject to a four‑month‑plus‑one‑day hold period under Canadian securities law.
• U.S. Offering Restrictions: Securities not registered under the U.S. Securities Act and may not be offered/sold in the United States or to U.S. persons without exemption.

Notable Quotes

(No direct quotes were provided in the release.)