Volt Carbon Technologies Announces Final Closing of Oversubscribed Private Placement for Gross Proceeds of $197,050

Executive Summary

• Volt Carbon Technologies completed the final closing of an oversubscribed non‑brokered private placement, issuing 5,630,000 units at C$0.035 per unit for total gross proceeds of C$197,050.
• Each unit includes one common share and one warrant to purchase an additional share at C$0.05, exercisable for 24 months.
• Proceeds will be used to fund intellectual property development, advance battery and mobile mineral separation technologies, and support general working capital.

Key Details

• Offering Size: 5,630,000 units (aggregate)
• Price per Unit: C$0.035
• Gross Proceeds: C$197,050
• Unit Composition: 1 common share + 1 common share purchase warrant
• Warrant Terms: Exercise price C$0.05 per share; exercisable for 24 months from issuance
• Oversubscription: Offering was oversubscribed due to strong investor demand
• Statutory Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period under securities law
• Compensation: No finder's fees, commissions, agent options, or other compensation paid in connection with the offering
• Use of Proceeds:
• Intellectual property development initiatives
• Advancement of battery and mobile mineral separation technologies
• General working capital
• Closing Condition: Final closing remains subject to approval by the TSX Venture Exchange

Notable Quotes

(No direct quotes were provided in the release.)