NU E Power Corp. Announces Closing of Final Tranche of Non-brokered Private Placement

Rhea-AI Summary

Nu E Power (CSE: NUE / OTC Pink: NUEPF) closed the final tranche of a non-brokered private placement on October 30, 2025, issuing 1,000,000 units at $0.15 per unit for gross proceeds of $150,000. Each unit includes one common share and one-half warrant; each whole warrant allows purchase of one common share at $0.30 per share for 36 months from closing. Net proceeds will be used for general working capital. Issued securities carry a four-month-and-one-day hold period. Securities are not registered in the United States and may not be offered or sold to U.S. persons absent registration or an available exemption.

Positive

• Gross proceeds of $150,000 raised
• Each Warrant exercisable at $0.30 for 36 months
• Proceeds designated for general working capital

Negative

• Issuance of 1,000,000 units increases share count and warrants outstanding
• Underlying securities subject to a 4-month-and-1-day hold period
• Securities not registered for sale to U.S. persons, limiting liquidity for U.S. investors

Calgary, Alberta--(Newsfile Corp. - October 30, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") is pleased to announce that further to its news release dated October 7, 2025, it has closed the final tranche of its non-brokered private placement offering of an additional 1,000,000 units in the capital of the Company (the "Units") at a price of $0.15 per Unit for additional gross proceeds of $150,000 (the "Offering"). Each Unit consists of one common share in the capital of the ‎Company (each, a "Common Share") and one-half of one Common Share ‎purchase warrant (each whole warrant, a "Warrant"). Each Warrant will ‎entitle the holder thereof to purchase one Common Share (each, a ‎‎"Warrant Share") at a price of $0.30 per Warrant Share for a period of 36 months after the closing date of ‎the Offering.‎

The net proceeds from the sale of the Units will be used for general working capital purposes. The Units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the "United States" or to "U.S. persons" (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Nu E Power Corp.

Nu E Power Corp. is a green energy company focused on the developing, construction, and operating clean and renewable energy infrastructure across North America. The Company has a partnership with Low Carbon Canada Solar Limited, a subsidiary of the UK based renewables major, Low Carbon Investment Management Ltd., to facilitate non-dilutive investment into the Company with the goal of developing up to 2GW of renewable energy projects in Canada by 2030.

Contact Information

For more information, please contact:

Investor Relations   E-mail: info@nu-ecorp.com

John Newman, Chief Financial Officer   E-mail: john@nu-ecorp.com

 

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor ‎disapproved of the contents of this press release.‎

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking statements include, without limitation, statements regarding the anticipated use of proceeds of the Offering, the closing date of the Offering. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, changes in market trends, the completion, results and timing of research undertaken by the Company, risks associated with resource assets, the impact of general economic conditions, commodity prices, industry conditions, dependence upon regulatory, environmental, and governmental approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Not for distribution to U.S. newswire services or dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272680

FAQ

What did Nu E Power (NUEPF) announce on October 30, 2025?

Nu E Power announced closing the final tranche of a private placement totaling 1,000,000 units at $0.15 per unit for $150,000 gross proceeds.

What does each unit in the Nu E (NUE) offering include and what are the warrant terms?

Each unit includes one common share and one-half of a warrant; each whole warrant permits purchase of one common share at $0.30 for 36 months from closing.

How will Nu E Power use the proceeds from the private placement (NUEPF)?

The company said net proceeds will be used for general working capital purposes.

When can holders trade the securities issued in Nu E Power's private placement (NUE)?

The units and underlying securities are subject to a four-month-and-one-day hold period from the issue date.

Are Nu E Power (NUEPF) securities from this offering available to U.S. persons?

No; the securities have not been registered under the U.S. Securities Act and may not be offered or sold to U.S. persons without registration or an applicable exemption.