Volt Carbon Technologies Completes Private Placement and Granting Options, Canadian Business Journal

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Calgary, Alberta, Canada, March 16, 2022 (GLOBE NEWSWIRE) –

Volt Carbon Technologies Inc. (“”Bolt carbon” or “society“) (TSX-V: VCT), private placement (“Private placementOn March 15, 2022, announced in a news release on January 24, 2022, we had a total of 8,000,000 units (“Common unit”) At a price of $ 0.125 per common unit for a total revenue of $ 1,000,000.00.

Since its announcement on January 24, 2022, we have raised a total of $ 2,500,000 by issuing 20,000,000 units (“Common unit) At a price of $ 0.125 per common unit ( “Recruitment“).

Each common stock consists of one common stock of the company’s capital (each “”share) At a price of $ 0.125 per share, half of a common stock warrant purchased (“warrant“). Each warrant gives the holder the right to acquire one additional share (“Warrant share”) For two years at an exercise price of $ 0.25 per warrant share. Units are subject to a 4-month and 1-day hold period.

We will pay a 6% Cash Finder fee and issue a non-transferable Finder Warrant upon the final termination of this offering.

We also announced that we have granted our current directors and consultants a total of 1,500,000 options in accordance with our stock options system. The strike price of the option is $ 0.115 per common stock and will expire on March 15, 2027.

About Bolt carbon

Volt Carbon is a publicly traded carbon science company with graphite mining rights in Quebec, Canada, with a special interest in energy storage and green energy creation and green regeneration. For the latest information on Volt Carbon properties and news, please visit: http: //

On behalf of the board of directors
Bolt Carbon Technologies Ltd
William Fafenberger, Chairman of the Board, Chief Executive Officer and President

Information Contact:
Tel: (250) 381-6181

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

Forward――――Appearance Statement: This press release contains forward-looking statements regarding the following, to the extent of the applicable securities law. Bolt carbonBusiness and business. In some cases, forward-looking statements can be identified by using words such as “plan,” “expect,” and “not expect.” “Budget”, “Schedule”, “Estimate”, “”Predictions, Intents, Predictions, or variations of such words or phrases, or specific actions, events, or outcomes are “potential,” “potential,” or “potential.” , “May”, “May” or “taken”, “occur” or “achieved”.

These forward-looking statements are based on the current ones With expectations Uncertainty and changing circumstances can, of course, cause significant differences in actual results. The forward-looking statements in this news release assume that the conditions for completing the offering, including final regulatory approval, are met, among other things.

Nevertheless Bolt carbon We believe that the expectations set forth in such forward-looking statements are reasonable and there is no guarantee that these expectations will be proven to be correct.There are risks that can affect you Bolt carbonNo ability is acquired to complete the offering, including the required consent and approval from the regulatory agency.

Past performance statements should not be construed as an indication of future performance. Forward-looking statements carry significant risks and uncertainties and should not be read as a guarantee of future performance or results and do not necessarily indicate exactly whether such results will be achieved. .. Due to many factors, including those mentioned above, actual results may differ materially from those described in the forward-looking statements. This forward-looking statement is fully explicitly qualified by this note.

All forward-looking statements made in this press release are qualified by these notes. Readers are careful not to place undue reliance on such forward-looking statements. Information on future prospects is provided as of the date of this press release. Bolt carbon You shall not be obligated to update or revise them to reflect new events or circumstances, except as required by applicable securities law.

CBJ News Maker

Volt Carbon Technologies Completes Private Placement and Granting Options, Canadian Business Journal

Source link Volt Carbon Technologies Completes Private Placement and Granting Options, Canadian Business Journal

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