Volt Carbon Technologies Announces Closing of First Tranche of Private Placement for Gross Proceeds of $110,000
Volt Carbon Technologies (OTCQB: TORVF) has completed the first tranche of its private placement offering, raising $110,000 in gross proceeds. The company issued 5.5 million units at $0.02 per unit, with each unit comprising one common share and one warrant. Each warrant allows holders to purchase an additional common share at $0.05 within 24 months of issuance.
The securities from this first tranche are subject to a four-month and one-day hold period, with no finder's fees paid. Volt Carbon anticipates closing the second tranche by June 27, 2025, pending TSX-V approval.
Volt Carbon Technologies (OTCQB: TORVF) ha completato la prima tranche della sua offerta di collocamento privato, raccogliendo 110.000 dollari di proventi lordi. La società ha emesso 5,5 milioni di unità a 0,02 dollari per unità, ciascuna composta da un'azione ordinaria e un warrant. Ogni warrant consente ai titolari di acquistare un'azione ordinaria aggiuntiva a 0,05 dollari entro 24 mesi dall'emissione.
I titoli di questa prima tranche sono soggetti a un periodo di blocco di quattro mesi e un giorno, senza pagamento di commissioni di collocamento. Volt Carbon prevede di chiudere la seconda tranche entro il 27 giugno 2025, previa approvazione della TSX-V.
Volt Carbon Technologies (OTCQB: TORVF) ha completado la primera fase de su oferta de colocación privada, recaudando 110,000 dólares en ingresos brutos. La compañía emitió 5.5 millones de unidades a 0.02 dólares por unidad, cada una compuesta por una acción común y un warrant. Cada warrant permite a los titulares comprar una acción común adicional por 0.05 dólares dentro de los 24 meses posteriores a la emisión.
Los valores de esta primera fase están sujetos a un período de retención de cuatro meses y un día, sin pago de comisiones por intermediación. Volt Carbon anticipa cerrar la segunda fase para el 27 de junio de 2025, pendiente de la aprobación de la TSX-V.
Volt Carbon Technologies (OTCQB: TORVF)가 사모 발행의 첫 번째 분할을 완료하여 총 11만 달러의 자금을 조달했습니다. 회사는 550만 단위를 단위당 0.02달러에 발행했으며, 각 단위는 보통주 1주와 워런트 1주로 구성되어 있습니다. 각 워런트는 발행일로부터 24개월 이내에 추가 보통주 1주를 0.05달러에 구매할 수 있는 권리를 부여합니다.
이 첫 번째 분할의 증권은 4개월 1일간의 보유 기간이 적용되며, 중개 수수료는 지급되지 않았습니다. Volt Carbon은 TSX-V 승인 대기 중으로 2025년 6월 27일까지 두 번째 분할을 마감할 예정입니다.
Volt Carbon Technologies (OTCQB : TORVF) a réalisé la première tranche de son offre de placement privé, levant 110 000 dollars de produits bruts. La société a émis 5,5 millions d’unités à 0,02 dollar par unité, chaque unité comprenant une action ordinaire et un bon de souscription. Chaque bon permet à son détenteur d’acquérir une action ordinaire supplémentaire à 0,05 dollar dans les 24 mois suivant l’émission.
Les titres de cette première tranche sont soumis à une période de blocage de quatre mois et un jour, sans paiement de frais d’intermédiation. Volt Carbon prévoit de clôturer la deuxième tranche d’ici le 27 juin 2025, sous réserve de l’approbation de la TSX-V.
Volt Carbon Technologies (OTCQB: TORVF) hat die erste Tranche ihres Privatplatzierungsangebots abgeschlossen und dabei 110.000 US-Dollar Bruttoerlös erzielt. Das Unternehmen gab 5,5 Millionen Einheiten zu je 0,02 US-Dollar pro Einheit aus, wobei jede Einheit aus einer Stammaktie und einem Bezugsrecht besteht. Jedes Bezugsrecht ermöglicht den Inhabern, innerhalb von 24 Monaten nach Ausgabe eine weitere Stammaktie zu 0,05 US-Dollar zu erwerben.
Die Wertpapiere dieser ersten Tranche unterliegen einer Sperrfrist von vier Monaten und einem Tag, ohne dass Vermittlungsgebühren gezahlt wurden. Volt Carbon plant, die zweite Tranche bis zum 27. Juni 2025 abzuschließen, vorbehaltlich der Genehmigung durch die TSX-V.
- None.
- Small capital raise of only $110,000 indicates limited funding
- Significant dilution potential with 5.5 million new units issued at a low price of $0.02
- Additional dilution possible from warrant exercise and second tranche closing
Calgary, Alberta--(Newsfile Corp. - May 22, 2025) - Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) ("Volt Carbon" or the "Company"), is pleased to announce that it has closed the first tranche of the private placement (the "Offering") announced on April 14th, 2025, by issuing an aggregate number of 5,500,000 units ("Units") at a price of
Each Unit consists of one (1) common share in the capital of the Company and one (1) common share purchase warrant (each a "Warrant"). Each Warrant entitles the holder to acquire one (1) additional common share in the capital of the Company (each a "Warrant Share") at an exercise price of
No finder's fee were paid in connection with the closing of the First Tranche. The Company expects to close the second tranche of the Offering on or before June 27, 2025, subject to TSX-V approval.
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: (519-763-1197)
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 completion of the Offering; and (iii) the anticipated final closing of the Offering.
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/253094
FAQ
How much did Volt Carbon Technologies (TORVF) raise in its first tranche of private placement?
What are the terms of TORVF's warrant offering in May 2025?
When is Volt Carbon Technologies expected to close the second tranche of its offering?
What is the hold period for securities issued in TORVF's first tranche?
