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Volt Carbon Technologies Inc ( (TSE:VCT) ) has issued an update.
Volt Carbon Technologies Inc. announced a non-brokered private placement financing of up to 20,000,000 units at C$0.015 per unit, aiming to raise C$300,000. The proceeds will be used to settle outstanding payables, advance battery and mineral separation technology, and for general working capital. The offering is priced at a 25% discount to the company’s market price and is subject to regulatory approvals, with an anticipated closing within 30 business days. No insiders are expected to participate, and no new control persons will be created by this offering.
More about Volt Carbon Technologies Inc
Volt Carbon Technologies Inc. is a publicly traded company specializing in carbon science with a focus on energy storage and green energy creation. The company holds mining claims in Ontario, Quebec, and British Columbia, Canada.
Average Trading Volume: 412,616
Technical Sentiment Signal: Sell
Current Market Cap: C$6.66M
For detailed information about VCT stock, go to TipRanks’ Stock Analysis page.