Volt Carbon Technologies Announces $300,000 Placement

Executive Summary

• Volt Carbon Technologies Inc. announced a non‑brokered private placement of up to 20 million units at C$0.015 per unit, targeting gross proceeds of up to C$300,000.
• Each unit consists of one common share and one warrant to purchase an additional share at C$0.05, with a 24‑month exercise period and a four‑month plus one‑day hold period.
• Proceeds will be used to settle outstanding payables, advance battery and mobile mineral separation technology, and for general working capital; closing is expected within ~30 business days pending customary conditions and TSX Venture Exchange approval.

Key Details

• Units Offered: Up to 20,000,000 units
• Price per Unit: C$0.015 (25% discount to market price)
• Gross Proceeds Target: Up to C$300,000
• Unit Composition:
• 1 common share of Volt Carbon Technologies Inc.
• 1 common share purchase warrant (“Warrant”)
• Warrant Terms:
• Right to purchase 1 additional common share at an exercise price of C$0.05 per share
• Exercise period: 24 months from issuance
• Hold Period: All securities subject to a four‑month and one‑day hold period
• Fees/Commissions: No finder’s fees, agent options, commissions, or other compensation anticipated for the placement
• Use of Proceeds:
• Pay outstanding payables
• Advance battery technology development
• Advance mobile mineral separation technology development
• General working capital
• Closing Timeline: Anticipated within approximately 30 business days, subject to customary conditions and TSX Venture Exchange approval
• Insider Participation: No insiders intend to participate; no new control persons will be created

Notable Quotes

• “We are pleased to announce this financing which provides us with the capital needed to address outstanding obligations and accelerate our technology development initiatives,” – V‑Bond Lee, CEO, President, Chairman of the Board and Director.