Energy Plug Announces Closing of First Tranche of Private Placement
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) has closed the first tranche of its non-brokered private placement, raising $266,000 by issuing 5,320,000 common shares at $0.05 per share. The company paid $18,880 in finder's fees and issued 377,600 brokers' warrants exercisable at $0.125 for one year. Proceeds will be used for general corporate matters. All securities issued are subject to a four-month hold period. This private placement follows the company's previous announcement on July 31, 2024.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) ha chiuso il primo lotto del suo collocamento privato non assistito, raccogliendo $266.000 attraverso l'emissione di 5.320.000 azioni ordinarie a $0,05 per azione. L'azienda ha pagato $18.880 come commissioni per l'intermediario e ha emesso 377.600 warrant per broker esercitabili a $0,125 per un anno. I proventi saranno utilizzati per questioni aziendali generali. Tutti i titoli emessi sono soggetti a un periodo di blocco di quattro mesi. Questo collocamento privato segue l'annuncio precedente dell'azienda del 31 luglio 2024.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) ha cerrado la primera parte de su colocación privada no mediada, recaudando $266,000 mediante la emisión de 5,320,000 acciones ordinarias a $0.05 por acción. La empresa pagó $18,880 en comisiones a los intermediarios y emitió 377,600 opciones para corredores que son ejercitables a $0.125 durante un año. Los ingresos se utilizarán para asuntos corporativos generales. Todos los valores emitidos están sujetos a un período de restricción de cuatro meses. Esta colocación privada sigue al anuncio previo de la empresa del 31 de julio de 2024.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF)는 비중개 프라이빗 플레시멘 트의 첫 번째 분기를 마감하며 $266,000을 조달했습니다. 5,320,000 주식이 주당 $0.05에 발행되었습니다. 회사는 $18,880의 중개 수수료를 지급하였고 377,600 개의 중개인 워런트를 발행하여 1년 동안 $0.125에 행사할 수 있습니다. 수익금은 일반 기업 운영에 사용될 예정입니다. 발행된 모든 증권은 4개월 간의 보유 기간을 적용받습니다. 이 프라이빗 플레시멘 트는 2024년 7월 31일에 회사의 이전 발표에 따라 진행되었습니다.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) a clôturé la première tranche de son placement privé non intermédié, levant $266,000 par l'émission de 5,320,000 actions ordinaires à $0,05 par action. L'entreprise a payé $18,880 en frais d'apporteur d'affaires et a émis 377,600 bons de souscription pour courtiers exerçables à $0,125 pendant un an. Les produits seront utilisés pour des questions corporatives générales. Tous les titres émis sont soumis à une période de restriction de quatre mois. Ce placement privé fait suite à l'annonce précédente de l'entreprise du 31 juillet 2024.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) hat die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und $266.000 durch die Ausgabe von 5.320.000 Stammaktien zu je $0,05 pro Aktie gesammelt. Das Unternehmen zahlte $18.880 an Vermittlerprovisionen und gab 377.600 Broker-Warrants aus, die für ein Jahr zu $0,125 ausgeübt werden können. Die Erlöse werden für allgemeine Unternehmensangelegenheiten verwendet. Alle ausgegebenen Wertpapiere unterliegen einer viermonatigen Haltedauer. Diese Privatplatzierung folgt der vorherigen Ankündigung des Unternehmens vom 31. Juli 2024.
- Successful closing of the first tranche of private placement
- Raised $266,000 in gross proceeds
- Issuance of 5,320,000 common shares at $0.05 per share
- Dilution of existing shareholders' ownership due to new share issuance
- Additional expenses incurred through finder's fees and brokers' warrants
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), is pleased to announce that, further to its press releases dated July 31, 2024, the Company has closed the first tranche of its non-brokered private placement (the "Private Placement"), issuing 5,320,000 common shares (the "Shares") at a price of
The gross proceeds raised from the sale of Shares will be used for general corporate matters.
The Company paid finders a cash fee of
Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection with the Offering will be subject to a four month hold period commencing on the Closing Date.
Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable securities legislation. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "will", "proposes", "expects", "seeks", "estimates", "intends", "anticipates" or "believes", or variations (including negative and grammatical variations) of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the anticipated use of any proceeds raised under the Private Placement.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failures to obtain required regulatory approvals for the Private Placement from the CSE; market uncertainty; and the inability of the Company to apply the proceeds of the Private Placement as intended.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contact Information
Energy Plug Technologies Corp.
Broderick Gunning
President & CEO
brodie@energyplug.com
Investor Relations
Renmark Financial Communications Inc.
1900 - 130 King Street West, Toronto, ON M5X 1E3
John Boidman
jboidman@renmarkfinancial.com
Tel.: (416) 644-2020 or (212)-812-7680
www.renmarkfinancial.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219980
FAQ
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