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Calgary, Alberta, Canada, March 1, 2022 (GLOBE NEWSWIRE) — Volt Carbon Technologies Inc. (“”Bolt carbon” or “society(TSX-V: VCT) is a previously announced private placement by placing a total of 6,400,000 on February 28, 2022, with reference to a previous news release dated January 24, 2022. Announced that it has closed its second tranche. unit(“Common unitFor a total revenue of $ 800,000, 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”) Until February 28, 2024, at an exercise price of $ 0.25 per warrant share. Units are subject to a four-month and one-day retention period.
We plan to finish the third and final tranche of the offering shortly. We will pay a 6% cash finder fee and issue a non-transferable finder warrant at the same time as the closing of the offering.
About Bolt carbon
Volt Carbon is a listed carbon science company with a special interest in energy storage and green energy creation and green regeneration, holding graphite mining claims in Quebec, Canada. For the latest information on Volt Carbon properties and news, please visit: www.voltcarbontech.com
On behalf of the board of directors
Bolt Carbon Technologies Ltd
William Fafenberger, Chairman of the Board, Chief Executive Officer and President
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-looking 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.” “”Intended“ “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”.A statement about such a future outlook..
These forward-looking statements are based on the current ones. With expectations Uncertainties 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. and it is Third and The final tranche of the offering will be closed Eventually..
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 should be careful not to place undue reliance on such forward-looking statements. Information about the future outlook 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.
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Volt Carbon Technologies concludes a book on private placements, Canadian Business Journal
Source link Volt Carbon Technologies concludes a book on private placements, Canadian Business Journal