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Hillcrest Energy Technologies ( (TSE:HEAT) ) has provided an announcement.
Hillcrest Energy Technologies has closed the first tranche of its non-brokered private placement of unsecured convertible debentures, amounting to $1,942,825, with a major portion used to settle existing debt. This financing move is expected to potentially enhance the company’s financial stability and operational flexibility, positioning it strategically within the energy market as it anticipates closing a second tranche in the upcoming weeks.
More about Hillcrest Energy Technologies
Hillcrest Energy Technologies operates in the energy sector, focusing on innovative technologies. The company provides energy solutions and services, with a market focus on developing and commercializing advanced energy systems.
YTD Price Performance: -4.17%
Average Trading Volume: 293,946
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$12.35M
See more data about HEAT stock on TipRanks’ Stock Analysis page.