- AmmPower Corp. (AMMP) has closed a private placement to a single U.S. institutional investor for gross proceeds of approximately C$3,000,000
- The company issued 7,142,858 units priced at $0.42 per unit
- H.C. Wainwright & Co., as the exclusive placement agent for the placement
- Net proceeds will be used to fund research and product development activities
- AmmPower is a Vancouver-based resource exploration company focused on clean energy
- AmmPower Corp. (AMMP) opened trading at $0.53 per share
AmmPower Corp. (AMMP) has closed its previously announced private placement for gross proceeds of approximately C$3,000,000.
The company issued 7,142,858 units priced at $0.42 per unit. Each unit includes one common share and one share purchase warrant. Each warrant may be exercised to purchase one share for $0.52 any time before February 16, 2027.
H.C. Wainwright & Co., as the exclusive placement agent for the placement, received a cash commission of $240,000 and 571,429 compensation warrants.
Net proceeds will be used to fund research and product development activities and for general working capital purposes.
AmmPower is a Vancouver-based resource exploration company focused on clean energy.
AmmPower Corp. (AMMP) opened trading at $0.53 per share.
