Mr. Bond Lee reports
VOLT CARBON TECHNOLOGIES ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $150,000
Volt Carbon Technologies Inc. has closed the first tranche of the private placement announced on Oct. 22, 2025, by issuing an aggregate number of six million units at a price of 2.5 cents per unit for gross proceeds of $150,000.
Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share in the capital of the company at an exercise price of five cents per warrant share for a period of 24 months from the date of issuance. All securities issued under the first tranche will be subject to a four-month-and-one-day hold period.
No finders' fees were paid in connection with the closing of the first tranche. The company expects to close the second tranche of the offering on or before Nov 22, 2025, subject to TSX Venture Exchange approval.
The company intends to use the proceeds of the offering to pay outstanding payables, advance battery and mobile mineral separation technology, and for general working capital.
About Volt Carbon Technologies Inc.
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.
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