Volt Carbon arranges $250,000 private placement

Executive Summary

• Volt Carbon Technologies Inc. announced a non-brokered private placement financing of up to 10 million units at $0.025 per unit, raising gross proceeds of up to $250,000.
• The company also announced the date for its Annual General Meeting (AGM) of shareholders, scheduled for June 19, 2026.
• Proceeds will be used for intellectual property development, advancing battery and mobile mineral separation technologies, and general working capital.

Key Details

• Financing Structure: Non-brokered private placement of up to 10 million units.
• Price: $0.025 per unit.
• Gross Proceeds: Up to $250,000.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant allows the purchase of one additional common share at an exercise price of $0.05 per share.
• Warrant Expiry: 24 months from the date of issuance.
• Compensation: No finders' fees, commissions, agent options, or other compensation anticipated.
• Hold Period: All securities subject to a four-month-and-one-day statutory hold period.
• Use of Proceeds: Support intellectual property development initiatives, advance battery and mobile mineral separation technologies, and general working capital.
• Closing Conditions: Subject to customary conditions and regulatory approvals, including TSX Venture Exchange approval.
• Timeline: Anticipated closing within approximately 30 business days.
• Insider Participation: No insiders intend to participate; no new control persons will be created.
• AGM Details:
  • Date: June 19, 2026.
  • Time: 10:00 a.m. Pacific Time.
  • Location: Royal Colwood Golf Club, Victoria, B.C.
  • Voting: Shareholders encouraged to vote by proxy in advance; in-person attendance welcome.
  • Documentation: Management information circular to be filed on SEDAR+.

Notable Quotes

• No direct quotes from management were included in the provided text.