• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login

    Investing News NetworkYour trusted source for investing success

    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Industrial Metals Market
    Industrial Metals News
    Industrial Metals Stocks
    • Industrial Metals Market
    • Industrial Metals News
    • Industrial Metals Stocks
    coal investing

    MicroCoal Technologies Closes Fourth Tranche of Private Placement

    Teresa Matich
    Jul. 04, 2014 01:51PM PST
    Industrial Metals

    MicroCoal® Technologies Inc. (CSE:MTI,FWB:OFS.F,OTC: CFQSF) has closed the fourth tranche of its previously announced non-brokered private placement amounting US$167,000. MicroCoal plans to use net proceeds from the private placement to advance construction on its first commercial facility in Indonesia for upgrading low rank coals as well as for general corporate purposes and working capital. Additionally, MicroCoal intends to continue with a fifth private placement following the same terms and conditions contained in its March 3 2014 press release.

    MicroCoal® Technologies Inc. (CSE:MTI,FWB:OFS.F,OTC: CFQSF) has closed the fourth tranche of its previously announced non-brokered private placement amounting US$167,000. MicroCoal plans to use net proceeds from the private placement to advance construction on its first commercial facility in Indonesia for upgrading low rank coals as well as for general corporate purposes and working capital. Additionally, MicroCoal intends to continue with a fifth private placement following the same terms and conditions contained in its March 3 2014 press release.

    As quoted in the press release:

    In conjunction with the closing of the fourth tranche, the Company will issue an aggregate of 835,000 units (each, a “Unit”) of the Company at a subscription price of US$0.20 per Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant (the “Warrants”). Each Warrant will entitle the holder thereof to acquire one common share at an exercise price of US$0.30 for up to 12 months following the date of issuance, subject to the terms thereof.

    Click here to read the MicroCoal Technologies Inc. (CNSX:MTI) press release
    Click here to see the MicroCoal Technologies Inc. (CNSX:MTI) profile.

    coal investingcse:mtimicrocoal technologiesprivate placementmicrocoal technologies inc
    The Conversation (0)
    Go Deeper
    AI Powered

    Next Gen Metals Closes First Tranche of Non-Brokered Private Placement

    September 2012 News Catalysts

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Industrial Metals Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×