HPQ Closed a Non-Broker Private Placement

Executive Summary

• HPQ Silicon Inc. closed a non‑brokered private placement of 1,883,815 common shares at $0.1625 per share, generating gross proceeds of $306,120.
• All shares are subject to a mandatory hold period of four months and one day; the placement remains pending TSX Venture Exchange approval.
• Net proceeds will be used for general working capital, corporate purposes, and to advance battery‑related initiatives and ongoing R&D projects.

Key Details

• Placement Size: 1,883,815 common shares.
• Price per Share: $0.1625 CAD.
• Gross Proceeds: $306,120 CAD.
• Structure: Non‑brokered private placement; no finder’s fees paid.
• Hold Period: Mandatory four‑month‑and‑one‑day hold from closing date, per Canadian securities law.
• Regulatory Conditions: Subject to standard approvals, including TSX Venture Exchange consent.
• Use of Proceeds: General working capital, corporate purposes, battery‑related initiatives, and ongoing research & development projects.
• Investor: European‑based investment firm specializing in tailored capital solutions for publicly listed companies.

Notable Quotes

“Closing a shares‑only financing without paying any finder’s fees demonstrates the strength of HPQ’s value proposition,” said Bernard Tourillon, President and CEO. “Although modest in size, this financing provides HPQ with additional flexibility and supports our ability to pursue the larger opportunities we are actively advancing.”