- Volt Carbon Technologies Inc. (VCT) closes its third and final tranche a private placement by issuing 8 million units at $0.125 per unit for proceeds of $1 million
- The company issued a total of 20 million units for total gross proceeds of $2.5 million
- The company also granted 1.5 million options to a current director of the company and a consultant
- Volt Carbon is a company interested in energy storage, green energy creation and re-creation, and hold graphite mining claims in Quebec
- Volt Carbon Technologies Inc. (VCT) is unchanged trading at $0.11 per share as of 11:14 a.m. ET
Volt Carbon Technologies (VCT) has closed a private placement for total gross proceeds of $2.5 million.
The final tranche of the offering consisted of 8 million units priced at $0.125 per unit for gross proceeds of $1 million.
Each unit consists of one common share and half of a share purchase warrant.
Each warrant entitles the holder to acquire one additional share at an exercise price of $0.25 for a period of two years.
The company intends to pay a cash finder’s fee and issue non-transferable finder warrants with this final closing of the offering.
In other news, Volt Carbon has granted 1.5 million options to a current director of the company and a consultant, according to its option plan. The options have an exercise price of $0.115 per common share and expire on March 15, 2027.
Volt Carbon is a publicly-traded carbon science company interested in energy storage, green energy creation and holding graphite mining claims in Quebec.
Volt Carbon Technologies Inc. (VCT) is unchanged trading at $0.11 per share as of 11:14 a.m. ET.
