HPQ Silicon arranges $3-million private placement

Executive Summary

• HPQ Silicon Inc. announced a non-brokered private placement offering of up to 18,181,819 units at a price of 16.5 cents per unit, targeting aggregate gross proceeds of up to approximately $3 million.
• The net proceeds are designated for general working capital, accelerating the silicon-based battery material pilot plant project, and continuing the development of hydrogen-based projects.
• The offering involves the issuance of common shares and non-transferable warrants, with specific terms regarding exercise prices and finder's compensation.

Key Details

• Offering Structure: Non-brokered private placement of up to 18,181,819 units.
• Price: 16.5 cents per unit.
• Gross Proceeds: Up to approximately $3 million.
• Unit Composition: Each unit consists of one common share and one non-transferable common share purchase warrant.
• Warrant Terms:
  • Each whole warrant is exercisable to acquire one common share.
  • Exercise price: 25 cents per share.
  • Duration: 24 months from the closing date.
• Finder’s Compensation: The company may pay a cash commission of up to 6% of gross proceeds and issue finders' warrants of up to 6% of the total number of units issued.
• Use of Proceeds:
  1. General working capital purposes.
  2. Accelerating execution of the silicon-based battery material pilot plant project (announced Sept. 11, 2025).
  3. Continuing the development of the company's hydrogen-based projects.
• Regulatory Status:
  • Offered outside Canada pursuant to an exemption under Section 2.3 of Ontario Securities Commission Rule 72-503.
  • Securities are not subject to resale restrictions unless resold to Canadian residents or in Canada.
  • Not a related party transaction under Multilateral Instrument 61-101.
  • Subject to final acceptance by the TSX Venture Exchange.

Notable Quotes

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