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Natcore Technology closes second tranche of private placement
Jul. 12, 2017 07:21AM PST
Cleantech Investing
Natcore Technology Inc. (TSXV:NXT) has completed the second tranche of its proposed non-brokered private placement, as announced on June 14, 2017. Gross proceeds of CDN$123,500.00 were raised through the sale of 650,000 units at a price of $0.19 per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the …
Natcore Technology Inc. (TSXV:NXT) has completed the second tranche of its proposed non-brokered private placement, as announced on June 14, 2017. Gross proceeds of CDN$123,500.00 were raised through the sale of 650,000 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 $0.24 for a period of three years.
Finders’ fees were paid in connection with the second tranche, consisting of $8,645 payable in cash and 45,500 finders’ warrants having the same terms of the warrants issuable in the units. All securities issued in the second tranche are subject to a hold period in Canada expiring on November 7, 2017. Proceeds of the placement will be applied to further development of Nnatcore’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.
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Source: www.natcoresolar.com
