- Volt Carbon Technologies (VCT) has signed an engagement letter with Sixty Two Capital Pty Limited
- In line with the agreement, the company intends to complete a non-brokered private placement of 10,000,000 common shares in the capital of the company
- The common shares will be offered at a price of C$0.07 per share for gross aggregate proceeds of $700,000
- Sixty Two Capital is an Australian-based investment and corporate advisory group with a focus on the growth and funding of emerging companies within the mining, technology and life science sectors
- Volt Carbon is a carbon science company, with specific interests in energy storage and green energy creation and green re-creation, with holdings in graphite mining claims in the province of Quebec
- Volt Carbon Technologies Inc. opened trading at C$0.09 per share
Volt Carbon Technologies (VCT) has signed an engagement letter with Sixty Two Capital Pty Limited.
In line with the agreement, the company intends to complete a non-brokered private placement of 10,000,000 common shares in the capital of the company.
The common shares will be offered at a price of C$0.07 per share for gross aggregate proceeds of $700,000.
The closing of the offering is expected to be as soon as October 31.
In consideration for acting as the finder, the company will pay Sixty Two Capital a cash fee equal to 8 per cent of the aggregate gross proceeds from purchasers of shares sourced by the finder.
The company intends to use the proceeds of the offering to pay outstanding payables, purchase additional testing equipment, evaluate and potentially option additional mineral claims and for working capital.
Closing of the offering is subject to customary conditions and regulatory approvals, including the approval of the TSX Venture Exchange.
Sixty Two Capital is an Australian-based investment and corporate advisory group with a focus on the growth and funding of emerging companies within the mining, technology and life science sectors.
Volt Carbon is a carbon science company, with specific interests in energy storage and green energy creation and green re-creation, with holdings in graphite mining claims in the province of Quebec.
Volt Carbon Technologies Inc. opened trading at C$0.09 per share.