Volt Carbon Technologies Amends Terms of $300,000 Private Placement

Executive Summary

• Volt Carbon Technologies amended the terms of its previously announced non‑brokered private placement, pricing each unit at C$0.025 (down from the prior price) to comply with TSX Venture Exchange policy.
• The offering now consists of up to 12 million units for gross proceeds of up to C$300,000. Each unit includes one common share and one warrant to purchase an additional share at C$0.05 for 24 months.
• Proceeds are earmarked to settle outstanding payables, advance battery and mobile mineral‑separation technology, and provide general working capital; closing is expected within ~30 business days pending customary conditions and TSX Venture Exchange approval.

Key Details

• Units Offered: Up to 12,000,000
• Price per Unit: C$0.025
• Gross Proceeds Target: C$300,000 (CAD)
• Unit Composition:
• 1 common share of Volt Carbon Technologies Inc.
• 1 common‑share purchase warrant (“Warrant”) – each Warrant allows the holder to buy one additional common share at an exercise price of C$0.05 per share, exercisable for 24 months from issuance.
• No Finder’s Fees/Agent Compensation: The company disclosed that there are no anticipated finder’s fees, agent options, commissions, or other compensation related to the placement.
• Rationale for Re‑pricing: Aligns with TSX Venture Exchange Policy 1.1, which prohibits a discount below C$0.05 when the market price is under that threshold; the new unit price reflects the current market price at the time of the original announcement.
• Use of Proceeds:
• Pay outstanding payables.
• Advance development of battery technology and mobile mineral‑separation solutions.
• General working capital.
• Closing Timeline & Conditions: Anticipated closing within approximately 30 business days, subject to customary conditions, regulatory approvals, and TSX Venture Exchange acceptance.
• Insider Participation: No insiders intend to participate; no new control persons will be created by the offering.
• Regulatory Disclaimers: The release is not an offer or solicitation in the United States; securities are not registered under U.S. law.

Notable Quotes

(No direct quotes were provided in the release.)