Volt Carbon Technologies Announces $1,000,000 Flow-Through Financing
Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) has announced a non-brokered private placement financing of up to 22,222,222 flow-through common shares at $0.045 per share, aiming to raise up to $1,000,000. The company plans to pay a 7% cash finder's fee and issue 7% Finder Warrants to certain arm's length finders, with Red Cloud Securities Inc. currently being the only confirmed finder. The net proceeds will be used for exploration programs on mineral properties and to incur eligible Canadian Exploration Expenses. The offering is expected to close within 20 business days, subject to regulatory approvals, including TSX Venture Exchange approval.
Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) ha annunciato un'offerta di collocamento privato non mediato fino a 22.222.222 azioni ordinarie con flusso a $0,045 per azione, con l'obiettivo di raccogliere fino a $1.000.000. L'azienda prevede di pagare una commissione del 7% in contanti e di emettere 7% di warrant per il finder a determinati trovatori indipendenti, con Red Cloud Securities Inc. che attualmente è l'unico finder confermato. I ricavi netti saranno utilizzati per programmi di esplorazione su proprietà minerali e per sostenere spese di esplorazione canadesi ammissibili. Si prevede che l'offerta si concluda entro 20 giorni lavorativi, soggetta ad approvazioni regolatorie, inclusa l'approvazione della Borsa TSX Venture.
Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) ha anunciado una financiación de colocación privada no mediada de hasta 22.222.222 acciones comunes con flujo a $0,045 por acción, con el objetivo de recaudar hasta $1.000.000. La empresa planea pagar una comisión del 7% en efectivo y emitir warrant del 7% para ciertos halladores independientes, siendo Red Cloud Securities Inc. el único hallador confirmado hasta ahora. Los ingresos netos se utilizarán para programas de exploración en propiedades minerales y para incurrir en gastos canadienses de exploración elegibles. Se espera que la oferta se cierre dentro de 20 días hábiles, sujeto a aprobaciones regulatorias, incluida la aprobación de la Bolsa de Valores TSX Venture.
Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF)는 주당 $0.045로 최대 22,222,222개의 플로우스루 보통주를 비중개 사모 배정하여 최대 $1,000,000을 모금할 계획이라고 발표했습니다. 이 회사는 특정 독립적 중개인에게 7%의 현금 수수료를 지급하고 7%의 옵션을 발행할 계획이며, 현재 Red Cloud Securities Inc.가 유일한 확인된 중개인입니다. 순수익은 광물 자산 탐사 프로그램과 적격 캐나다 탐사 비용을 위해 사용될 예정입니다. 이 제안은 TSX 벤처 거래소의 승인 등 규제 승인을 조건으로 20영업일 내에 마감될 것으로 예상됩니다.
Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) a annoncé un placement privé non intermédié de jusqu'à 22 222 222 actions ordinaires à effet de flottement au prix de 0,045 $ par action, visant à lever jusqu'à 1 000 000 $. L'entreprise prévoit de verser une commission de 7 % en espèces et d'émettre des bons de souscription de 7 % à certains intermédiaires indépendants, Red Cloud Securities Inc. étant actuellement le seul intermédiaire confirmé. Les produits nets seront utilisés pour des programmes d'exploration sur des propriétés minérales et pour encourir des dépenses d'exploration canadiennes éligibles. L'offre devrait se clôturer dans un délai de 20 jours ouvrables, sous réserve des approvals réglementaires, y compris l'approbation de la Bourse TSX Venture.
Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) hat eine nicht vermittelte Privatplatzierung von bis zu 22.222.222 Flow-Through-Stammaktien zu je $0,045 pro Aktie angekündigt, mit dem Ziel, bis zu $1.000.000 zu sammeln. Das Unternehmen plant, eine Provision von 7% in bar zu zahlen und 7% Finder-Warrants an bestimmte externe Finder auszugeben, wobei Red Cloud Securities Inc. derzeit der einzige bestätigte Finder ist. Die Nettoerlöse werden für Explorationsprogramme auf Mineralgrundstücken und zur Deckung förderfähiger kanadischer Explorationsausgaben verwendet. Es wird erwartet, dass das Angebot innerhalb von 20 Werktagen abgeschlossen wird, vorbehaltlich der behördlichen Genehmigungen, einschließlich der Genehmigung durch die TSX Venture Exchange.
- Raising up to $1,000,000 in additional capital
- Funds to be used for exploration programs and eligible Canadian Exploration Expenses
- No insider participation or creation of new control persons
- Potential dilution of existing shareholders due to issuance of new shares
- 7% finder's fee and additional warrants may increase the cost of capital
Calgary, Alberta--(Newsfile Corp. - July 22, 2024) - Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) ("Volt Carbon" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement financing of up to 22,222,222 common shares in the capital of the Company issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) (each a "Flow-Through Share") at a price of
The Company intends to pay a cash finder's fee, to certain arm's length finders (each a "Finder"), equal to
The Company intends to use the net proceeds of the Offering to carry out exploration programs on mineral properties and to incur eligible Canadian Exploration Expenses that qualify as Canadian exploration expenses and "flow-through mining expenditures" for purposes of the Income Tax Act (Canada).
The Company anticipates closing the Offering within approximately 20 business days. All securities issued as part of the Offering shall be subject to a four month and one day hold period. No Insiders intend to participate in the placement and no new control persons will be created by the Offering. Closing of the Offering is subject to customary conditions and regulatory approvals including the approval of the TSX Venture Exchange.
About Volt Carbon Technologies
Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec and British Columbia in Canada. For the latest information on Volt Carbon's properties and news please refer to the website www.voltcarbontech.com.
On behalf of the Board of Directors,
Volt Carbon Technologies Inc.
V-Bond Lee, P. Eng.
CEO, President, Chairman of the Board and Director
Information Contact:
Email: info@voltcarbontech.com
Tel: (647-546-7049)
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Volt Carbon's business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "intends" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or 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". Such forward-looking statements include those with respect to: (i) the intention to complete the Offering; (ii) the intention compensate finders with a cash finder's fee and finder's warrants; (iii) the intention to use the net proceeds of the Offering to carry out exploration programs on mineral properties and to incur eligible Canadian Exploration Expenses that qualify as Canadian exploration expenses and "flow-through mining expenditures" for purposes of the Income Tax Act (Canada); the approval by the Exchange of the Offering; (iv) the anticipated closing of the Offering within approximately 20 business days; and (v) the approval of the Offering by the Exchange.
Statements of past performance should not be construed as an indication of future performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.
All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Volt Carbon assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217373
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