NU E Power Corp. Announces Closing of Non-Brokered Private Placement for $1.7 Million

Executive Summary

• NU E Power Corp. closed the second tranche of its non‑brokered private placement, issuing 8,986,933 units at $0.12 per unit for gross proceeds of $1,078,431.96.
• Proceeds will fund final‑stage interconnection work on Alberta projects and launch environmental/feasibility studies in Mongolia and Malaysia.
• Finder compensation included a 7 % cash fee on gross proceeds and the issuance of finder warrants (totaling 444,145 warrants) to Ventum Financial Corp. and Haywood Securities Inc.

Key Details

• Units sold: 8,986,933 units (each unit = 1 common share + ½ warrant).
• Pricing: $0.12 per unit; total gross proceeds $1,078,431.96.
• Warrant terms: Each unit includes a half‑warrant; full warrants allow purchase of one common share at $0.25 for 24 months from closing.
• Use of Proceeds:
• Advance Alberta‑based projects through final interconnection stages.
• Initiate environmental and feasibility programs in Mongolia and Malaysia to secure new development sites.
• Strengthen technical, project, and governance capabilities for the 2026 execution cycle.
• Finder compensation:
• Cash fee equal to 7 % of gross proceeds paid to each finder.
• Issuance of 260,050 finder warrants (first mention) and later 444,145 finder warrants (totaling 704,195 warrants), each granting the right to purchase one common share at $0.25 for 24 months.
• Finders involved: Ventum Financial Corp. and Haywood Securities Inc.

Notable Quotes

(No direct quotes were provided in the release.)