Hillcrest Energy Technologies (TSE:HEAT) has released an update.
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Hillcrest Energy Technologies has announced a successful drawdown of $540,000 from its $5 million equity facility, which will fund technology and product development, commercialization, and general corporate needs. The financing terms include the issuance of units comprised of shares and warrants, with the drawdown expected to be completed by August 2, 2024.
For further insights into TSE:HEAT stock, check out TipRanks’ Stock Analysis page.