Energy Plug Announces Closing of Second Tranche of Private Placement
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) has successfully closed the second tranche of its non-brokered private placement, raising $415,000 by issuing 8,300,000 common shares at $0.05 per share. This brings the total gross proceeds from the private placement to $681,000 through the sale of 13,620,000 shares. The funds will be used for general corporate purposes. The company paid $29,200 in finder's fees and issued 584,000 brokers' warrants, exercisable at $0.125 for one year. All securities issued are subject to a four-month hold period.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) ha completato con successo la seconda tranche del suo private placement non intermediarie, raccogliendo $415,000 attraverso l'emissione di 8,300,000 azioni ordinarie a $0,05 per azione. Questo porta il totale delle entrate lorde provenienti dal private placement a $681,000 grazie alla vendita di 13,620,000 azioni. I fondi saranno utilizzati per fini aziendali generali. L'azienda ha pagato $29,200 in commissioni agli intermediari e ha emesso 584,000 warrant per broker, esercitabili a $0,125 per un anno. Tutti i titoli emessi sono soggetti a un periodo di blocco di quattro mesi.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) ha cerrado con éxito la segunda tranche de su colocación privada no mediada, recaudando $415,000 mediante la emisión de 8,300,000 acciones comunes a $0.05 por acción. Esto eleva los ingresos brutos totales de la colocación privada a $681,000 a través de la venta de 13,620,000 acciones. Los fondos se utilizarán para fines corporativos generales. La empresa pagó $29,200 en comisiones de intermediarios y emitió 584,000 warrants para brokers, ejercitables a $0.125 durante un año. Todos los valores emitidos están sujetos a un período de retención de cuatro meses.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF)는 중개인이 없는 사모 배치의 두 번째 트랜치를 성공적으로 마감하고, $415,000의 자금을 조달했습니다. 이는 주당 $0.05의 가격으로 8,300,000개의 보통주를 발행한 것입니다. 이렇게 해서 사모 배치의 총 총 수익은 13,620,000주 판매를 통해 $681,000에 도달했습니다. 자금은 일반 기업 목적으로 사용될 것입니다. 회사는 중개인 수수료로 $29,200를 지불하고, 1년 동안 $0.125에 행사 가능한 584,000개의 중개인 워런트를 발행했습니다. 발행된 모든 증권은 4개월의 보유 기간에 해당됩니다.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) a réussi à clôturer la seconde tranche de son placement privé non intermédié, levant $415,000 en émettant 8,300,000 actions ordinaires à $0,05 par action. Cela porte le montant total brut des produits du placement privé à $681,000 grâce à la vente de 13,620,000 actions. Les fonds seront utilisés à des fins corporatives générales. La société a payé $29,200 en frais pour les intermédiaires et a émis 584,000 bons de souscription pour les courtiers, exerçables à $0,125 pendant un an. Tous les titres émis sont soumis à une période de blocage de quatre mois.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) hat erfolgreich die zweite Tranche seiner nicht vermittelte Privatplatzierung abgeschlossen und $415,000 durch die Ausgabe von 8,300,000 Stammaktien zu je $0,05 pro Aktie gesammelt. Damit beläuft sich der Gesamterlös aus der Privatplatzierung auf $681,000 durch den Verkauf von 13,620,000 Aktien. Die Mittel werden für allgemeine Unternehmenszwecke verwendet. Das Unternehmen zahlte $29,200 an Vermittlergebühren und gab 584,000 Vermittlerwarrants aus, die für ein Jahr zu $0,125 ausgeübt werden können. Alle ausgegebenen Wertpapiere unterliegen einer viermonatigen Haltedauer.
- Raised $415,000 in the second tranche of private placement
- Total gross proceeds of $681,000 from the entire private placement
- Successful issuance of 13,620,000 shares at $0.05 per share
- Potential dilution of existing shareholders due to new share issuance
- Incurred $29,200 in finder's fees and issued 584,000 brokers' warrants
Vancouver, British Columbia--(Newsfile Corp. - August 26, 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 second tranche of its non-brokered private placement (the "Private Placement"), issuing 8,300,000 common shares (the "Shares") at a price of
The gross proceeds raised from the private placement 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/221191
FAQ
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