Financings
Volt Carbon completes final closing of placement

VCT · Price
Executive Summary
- Volt Carbon Technologies Inc. completed the final closing of its non‑brokered private placement, raising a total of $210,000.
- The offering consisted of 10.5 million units priced at $0.02 per unit, each unit containing one common share and one warrant (exercise price $0.05, 24‑month term).
- Proceeds will be used to advance battery and mineral separation technologies, pay outstanding payables, and for general working capital.
Key Details
- Aggregate gross proceeds: $210,000.
- Units issued: 10.5 million, at $0.02 per unit.
- Unit composition: 1 common share + 1 common share purchase warrant.
- Warrant terms: Exercise price $0.05 per share, exercisable for 24 months from issuance.
- Hold period: Securities subject to a lock‑up of four months plus one day after issue date.
- No insiders participated; no new control persons were created.
- Offering required regulatory approvals, including the TSX Venture Exchange.
- Use of proceeds: development of battery and mineral separation technologies, payment of outstanding payables, and general working capital.
Notable Quotes
(No quotes provided in the release.)
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