Volt Carbon Technologies Inc. announced a non-brokered private placement to issue 10,000,000 units at an issue price of CAD 0.02 for gross proceeds of CAD 200,000 on July 31, 2025. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share in the capital of the company at an exercise price of CAD 0.05 per warrant share for a period of 24 months from the date of issuance.
All securities issued as part of the offering shall be subject to a four month and one day hold period. At this time, there are no anticipated finder's fee associated with the offering. Closing of the offering is subject to customary conditions and regulatory approvals including the approval of the TSX Venture Exchange.
The company anticipates closing the offering within approximately 30 business days. No insiders intend to participate in the offering and no new control persons will be created by the offering.
