Natcore Closes $105,000 Second Tranche of Placement

 
Natcore Technology Inc. (TSXV:NXT) has completed the second tranche of its proposed non-brokered private placement, as announced on Dec. 5, 2016. Gross proceeds of $105,000 were raised through the sale of 500,000 units at a price of 21 cents per unit. Each unit is composed of one common share and one share purchase warrant. Each warrant entitles the holder to the purchase of a further common share at 25 cents for a period of three years.
All securities issued in the second tranche are subject to a hold period in Canada expiring on April 15, 2017. Proceeds of the placement will be applied to further development of the company’s technologies and for general working capital.
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