Hillcrest Energy Technologies (TSE:HEAT) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Hillcrest Energy Technologies has announced a non-brokered private placement aimed at raising up to $2 million to strengthen its balance sheet and support growth in the clean technology sector. This strategic move includes settling up to $1.5 million in outstanding debt and marks the termination of an existing equity drawdown facility. The company plans to use the funds for accounts payable, technology development, and other operational needs.
For further insights into TSE:HEAT stock, check out TipRanks’ Stock Analysis page.