Northwire Canada EditionThursday, October 15, 2026
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Financings

Hillcrest arranges $500,000 shares-for-debt offering

By The Northwire Desk — AI Analysis Mar 23, 2026 · 21:05 HEAT · 0.155 Hillcrest Energy Technologies Ltd
HEAT · Price

Executive Summary

  • Hillcrest Energy Technologies Ltd. announced its intent to complete a private placement shares-for-debt offering of units to raise up to $500,000.
  • The company is also participating in the 2026 IEEE Applied Power Electronics Conference (APEC) in San Antonio, with its VP of Engineering presenting a technical lecture.

Key Details

  • Financing Structure: The company intends to offer units at a price of 18 cents per unit.
  • Gross Proceeds: Up to $500,000 in debt.
  • Unit Composition: Each unit consists of one common share and one share purchase warrant.
  • Warrant Terms: Each warrant entitles the holder to purchase one additional share at an exercise price of 20 cents per warrant share.
  • Warrant Expiry: The warrants are exercisable for a period of 12 months following the date of issuance.
  • Lock-up Period: All securities issued are subject to a statutory hold period of four months and one day following issuance, in accordance with Canadian securities laws.
  • Conference Participation: Vice-president of engineering Dr. Emanuel Serban will present a technical lecture titled "Seamless Power Transfer of Bidirectional Converters in Microgrids Applications" during Session T15.2 at the APEC 2026 conference (March 22–26, 2026).

Notable Quotes

  • "Hillcrest's presence at APEC reflects its commitment to engaging with the global power electronics community and contributing to the advancement of practical, industry-relevant solutions."
Read the original news release →

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