Natcore Technology Inc. (TSXV:NXT,OTCQB:NTCXF) has completed its proposed non-brokered private placement as announced on April 7, 2017. The placement was oversubscribed, and gross proceeds of CDN$195,700 were raised through the sale of 1,030,000 units at a price of $0.19 per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase of a further common share at $0.25 for a period of 36 months.
Finder’s fees of $13,699 were paid in cash in association with the placement, and 72,100 finder’s warrants, bearing the same terms as the placement warrants,
All securities issued in the private placement are subject to a hold period in Canada expiring on August 11, 2017. Proceeds of the placement will be applied to
further development of Natcore’s technologies and general working capital.
This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. Neither the United States Securities and
Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.
Contact: Chuck Provini