Volt Carbon Technologies (TORVF) has received TSX Venture Exchange approval to expand its non-brokered private placement from its previously announced size. The offering will now consist of 17.5 million units priced at $0.02 per unit, aiming to raise gross proceeds of up to $350,000. Each unit includes one common share and one common share purchase warrant. The company has also secured an extension for the final closing date to June 27, 2025. The proceeds will be used to advance battery and mineral separation technologies, settle outstanding payables, and provide working capital. No finder's fees are anticipated for this offering.
Volt Carbon Technologies (TORVF) ha ottenuto l'approvazione dalla TSX Venture Exchange per ampliare il suo collocamento privato senza intermediari rispetto alla dimensione precedentemente annunciata. L'offerta comprenderà ora 17,5 milioni di unità al prezzo di 0,02 dollari per unità, con l'obiettivo di raccogliere proventi lordi fino a 350.000 dollari. Ogni unità include una azione ordinaria e un warrant per l'acquisto di una azione ordinaria. La società ha inoltre ottenuto una proroga della data di chiusura finale al 27 giugno 2025. I proventi saranno utilizzati per sviluppare tecnologie di separazione per batterie e minerali, saldare debiti in sospeso e fornire capitale circolante. Non sono previsti compensi per intermediari per questa offerta.
Volt Carbon Technologies (TORVF) ha recibido la aprobación de la Bolsa de Valores TSX Venture para ampliar su colocación privada no intermediada respecto al tamaño previamente anunciado. La oferta constará ahora de 17,5 millones de unidades a un precio de 0,02 dólares por unidad, con el objetivo de recaudar hasta 350.000 dólares brutos. Cada unidad incluye una acción común y un warrant para la compra de una acción común. La compañía también ha conseguido una extensión para la fecha de cierre final hasta el 27 de junio de 2025. Los fondos se utilizarán para avanzar en tecnologías de separación de baterías y minerales, saldar cuentas pendientes y proporcionar capital de trabajo. No se anticipan comisiones para intermediarios en esta oferta.
Volt Carbon Technologies (TORVF)는 이전에 발표된 규모에서 비중개 사모 발행을 확대하기 위해 TSX Venture Exchange의 승인을 받았습니다. 이번 공모는 단위당 0.02달러에 1,750만 단위로 구성되며, 최대 350,000달러의 총 수익을 목표로 합니다. 각 단위에는 보통주 1주와 보통주 매수권 1개가 포함되어 있습니다. 회사는 최종 마감일을 2025년 6월 27일까지 연장하는 것도 확보했습니다. 자금은 배터리 및 광물 분리 기술 개발, 미지급금 정산, 운전자본 확보에 사용될 예정입니다. 이번 공모에는 중개 수수료가 예상되지 않습니다.
Volt Carbon Technologies (TORVF) a obtenu l'approbation de la TSX Venture Exchange pour augmenter la taille de son placement privé sans intermédiaire, par rapport à l'annonce précédente. L'offre comprendra désormais 17,5 millions d'unités au prix de 0,02 $ par unité, visant à lever jusqu'à 350 000 $ de produits bruts. Chaque unité comprend une action ordinaire et un bon de souscription d'une action ordinaire. La société a également obtenu une prolongation de la date de clôture finale jusqu'au 27 juin 2025. Les fonds seront utilisés pour faire progresser les technologies de séparation des batteries et des minéraux, régler les dettes en cours et fournir des fonds de roulement. Aucun frais d'intermédiaire n'est prévu pour cette offre.
Volt Carbon Technologies (TORVF) hat die Genehmigung der TSX Venture Exchange erhalten, seine nicht vermittelte Privatplatzierung über die zuvor angekündigte Größe hinaus zu erweitern. Das Angebot umfasst nun 17,5 Millionen Einheiten zum Preis von 0,02 USD pro Einheit, mit dem Ziel, Bruttoerlöse von bis zu 350.000 USD zu erzielen. Jede Einheit besteht aus einer Stammaktie und einem Bezugsrecht auf eine Stammaktie. Das Unternehmen hat zudem eine Verlängerung des endgültigen Abschlusstermins bis zum 27. Juni 2025 erhalten. Die Erlöse werden zur Weiterentwicklung von Batterie- und Mineraltrennungstechnologien, zur Begleichung ausstehender Verbindlichkeiten und zur Bereitstellung von Betriebskapital verwendet. Für dieses Angebot sind keine Vermittlungsgebühren vorgesehen.
Positive
Secured TSX-V approval for increased private placement size
Proceeds will advance battery and mineral separation technologies development
No finder's fees reduces offering costs
Negative
Small offering size of only $350,000 indicates limited funding
Low unit price of $0.02 suggests potential share price pressure
Funds needed for outstanding payables indicates cash flow concerns
Calgary, Alberta--(Newsfile Corp. - May 30, 2025) - Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) (“Volt Carbon” or the “Company”) with reference to its prior news releases dated April 14, 2025, and May 22, 2025, is pleased to announce that it has obtained approval from the TSX Venture Exchange ("TSX-V") to increase the size of its non-brokered private placement to 17,500,000 units (the "Units") at a price of $0.02 per Unit, for gross proceeds of up to $350,000. The Company has also received approval to extend the deadline for the final closing of the private placement to June 27, 2025.
Each Unit consists of one common share and one common share purchase warrant. The closing of the Offering remains subject to customary conditions and regulatory approvals, including the final approval of the TSX-V. At this time there are no anticipated Finder’s Fee associated with the Offering.
The Company intends to use the proceeds of the Offering to advance its battery and mineral separation technologies, pay outstanding payables, and for general working capital purposes.
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
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 approval by the Exchange of the Offering; and (ii) the completion 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.
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.
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