Volt Carbon Tech Raises Up to C$300K via Non-Brokered Private Placement
Volt Carbon Technologies Inc. (TSXV: VCT, OTC:TORVF) has announced plans to raise up to C$300,000 through a non-brokered private placement. The company, led by CEO V-Bond Lee, is offering up to 20,000,000 units at C$0.015 per unit, a 25% discount to its market price.
The offering, which is subject to customary conditions and regulatory approvals, is expected to close within approximately 30 business days. Each unit consists of one common share and one common share purchase warrant, exercisable at C$0.05 per share for 24 months. Neither insiders nor new control persons are expected to participate in the offering.
Volt Carbon Technologies is a carbon science company with interests in energy storage and green energy creation. It holds mining claims in Ontario, Quebec, and British Columbia. Proceeds from the offering will be used to pay outstanding payables, advance battery and mobile mineral separation technology, and for general working capital.
The offering is not an offer to sell or a solicitation of an offer to sell any securities in the United States. Interested parties can contact the company via email at [email protected] or by phone at (519-763-1197). The company has provided forward-looking statements regarding the intention to complete the offering, use of proceeds, approval timelines, and insider participation.
