VOLT CARBON TECHNOLOGIES closes $700,000 private placement, Canadian Business Journal

Not intended for distribution to US newswire services or for dissemination in the US

Calgary, Alberta, Canada, November 11, 2022 (GLOBE NEWSWIRE) — Volt Carbon Technologies Inc. (“bolt” or “Company) (TSX-V: VCT & OTCQB: TORVF) announces that it has closed its private placement by placing a total of 9,999,999 common shares in its capital, with reference to a news release dated October 24, 2022 To do. Company(“stock”) at a price of $0.07 per share for an aggregate amount of $700,000 (“Recruitment”). Shares issued as part of the offering are subject to a holding period of four months plus his one day.

In connection with the closing of the offering, the Company paid Sixty Two Capital Pty Ltd a cash finder’s fee of $56,000 CAD. The Company intends to use the remaining proceeds of the Offering to pay outstanding debt, purchase additional test equipment, evaluate and evaluate. Potentially additional mineral claims and working capital options. Although we intend to use the proceeds of our offerings as described above, our actual allocation of net proceeds may differ from the uses described above, depending on future operations or unforeseen events or opportunities.

Sixty Two Capital is an Australian based investment and corporate advisory group focused on growing and financing start-ups in the mining, technology and life sciences sectors.

about bolt carbon

Volt Carbon is a publicly traded carbon science company with particular interests in energy storage, green energy creation and green re-creation, and holds graphite mining rights in Quebec, Canada. For the latest information on Volt Carbon properties and news, please visit: http://www.voltcarbontech.com

On behalf of the Board of Directors
Volt Carbon Technologies Ltd.
William Faffenberger, Chairman of the Board, Chief Executive Officer and President

Information contact:
Email: [email protected]
Phone: (250) 381-6181

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

Future outlook: This press release contains forward-looking statements within the meaning of applicable securities laws. bolt carbonbusiness and affairs. In some cases, words such as “plans,” “expects,” and “does not expect” may be used to identify forward-looking statements. “intended” ”Budget”, ”Plan”, ”Estimate”, ““predict”, “intend”, “predict” or any variation of such words or phrases or any particular action, event or outcome that “could”, “would” or “could” “may” or “obtain”, “occur” or “achieved” to state that there is”, “could”. Such forward-looking statements include statements regarding our intention to use the proceeds of our offerings to: payment of outstanding debts, purchase of additional test equipment, evaluation and possibly selection of additional mineral claims; and for working capital.

Statements regarding past performance should not be construed as indicative of future performance. Forward-looking statements involve significant risks and uncertainties and are not guarantees of future performance or performance. It does not necessarily indicate exactly whether such results will be achieved. A number of factors, including those described above, could cause actual results to differ materially from those described in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this warning statement.

All forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release. bolt carbon We undertake no obligation to update or revise them to reflect new events or circumstances, except as required by applicable securities laws.

CBJ Newsmaker