HPQ Silicon Inc. announced a non-brokered private placement of 2,300,000 Units at an issue price of CAD 0.18 per unit for gross proceeds of CAD 414,000 on May 29, 2025. Each Unit is comprised of one common share and one common share purchase warrant of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of CAD 0.25 for a period of 48 months from the date of closing of the placement.
Each share issued pursuant to the placement will have a mandatory four month and one day holding period from the date of closing of the placement. The offering will be offered to accredited investors in accordance with applicable securities laws. This Placement is subject to the approval of the TSX-Venture and any other regulatory authorities.
In connection with the placement, the company could pay finder's fee, in the form of cash, shares, warrants and or options. The company anticipates that insiders may subscribe for units and their participation could exceed 25% of the offering, with the insider directly or via entities under his controls will subscribe for an amount of CAD 200,160. The Company reserves the right to increase the size of the Offering to a maximum of 5,283,050 Units, for maximum gross proceeds of CAD 950,950.
