HPQ Silicon Resources

HPQ Silicon completed a non‑brokered private placement of C$3 million, selling 18,181,819 units at C$0.165 per unit; each unit consists of a common share and a warrant (exercise C$0.25 within 24 months). All units were purchased by an investor outside Canada. Net proceeds will be used for working capital, to accelerate the announced pilot plant project for silicon‑based battery materials and to further develop hydrogen projects; the company also pays a C$180,000 cash finders’ fee and issues warrants to the finder. » Más en de.investing.com

HPQ Silicon completed a non-brokered private placement of 6,170,442 common shares at $0.1625 per share, raising gross proceeds of approximately $1,002,697. The securities are subject to a four-month-and-one-day hold period; the transaction remains subject to final approval by the TSX Venture Exchange. In addition, 333,303 warrants were issued to CI Investment Services (exercise price $0.18, term 48 months). The funds will be used as working capital and to commercialize the Fumed Silica Reactor, the ENDURA+ battery cells and the METAGENE hydrogen platform; CEO Bernard Tourillon subscribed for about $100,000 of shares, increasing his stake to approximately 5.29%. » Más en de.investing.com