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Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced several financial transactions. The company closed the first tranche of a non-brokered private placement, issuing 1,766,666 units at $0.30 per unit for gross proceeds of $530,000. Each unit includes one common share and one warrant exercisable at $0.35 for 24 months.
The company settled outstanding debt of $486,785 by issuing 1,216,963 common shares at $0.40 per share. Additionally, 1,081,250 common shares were issued at $0.40 per share to staff and directors for past services and bonuses totaling $432,500.
The proceeds from the private placement will be used for general working capital and advancing Canadian solar projects. All shares issued under the debt settlement and services transactions are subject to a four-month hold period ending May 8, 2025, pending final CSE approval.
Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced a non-brokered private placement offering of up to 3,333,334 units at $0.30 per unit, aiming to raise up to $1 million. Each unit includes one common share and one warrant exercisable at $0.35 for 24 months. The proceeds will support working capital and Canadian solar projects.
The company has also settled debt of $486,785 by issuing 1,216,963 common shares at $0.40 per share to creditors. Additionally, 1,081,250 common shares were issued at $0.40 per share to staff and directors for past services and bonuses valued at $432,500. The offering is expected to close around December 31, 2024, subject to regulatory approvals.
Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced three significant corporate updates. First, the company is launching a non-brokered private placement offering up to 3,333,334 common shares at $0.30 per share, aiming to raise up to $1,000,000. The proceeds will support general working capital and advance Canadian solar projects.
Additionally, the company has settled outstanding debt of $486,785 by issuing 1,216,963 common shares at $0.40 per share to creditors. Furthermore, Nu E Power has issued 1,081,250 common shares at $0.40 per share to staff and directors, worth $432,500, as compensation for past services and bonuses. All issued shares are subject to a four-month hold period and pending CSE approval.
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