Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Volt Carbon Technologies Inc ( (TSE:VCT) ) has provided an announcement.
Volt Carbon Technologies has closed an oversubscribed non-brokered private placement, issuing 13,960,000 units at C$0.025 each for gross proceeds of C$349,000, with associated warrants exercisable at C$0.05 for 24 months. A portion of the financing was placed through EMD Financial, and all securities are subject to a statutory hold period, with the deal pending final approval from the TSX Venture Exchange.
The company plans to deploy the new capital to scale up mobile separation, graphene and battery technologies at its Guelph plant, advance intellectual property initiatives and bolster working capital, while also granting 800,000 stock options to employees and contractors at C$0.05 per share for a five-year term. The oversubscription of the financing and concurrent option grants underscore ongoing investment in Volt Carbon’s technology platform and human capital, potentially strengthening its position in the energy storage and green technology space.
More about Volt Carbon Technologies Inc
Volt Carbon Technologies Inc. is a publicly traded carbon science company focused on energy storage and green energy creation. The company also holds mining claims across Ontario, Quebec and British Columbia, positioning it within both advanced materials and resource exploration markets.
Average Trading Volume: 209,249
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$5.72M
See more data about VCT stock on TipRanks’ Stock Analysis page.