Natcore closes $210,000 First Tranche of Placement

Natcore Technology Inc.( TSXV:NXT) has completed the first tranche of its proposed non-brokered private placement, as announced previously. Gross proceeds of $210,000 were raised through the sale of one million units at a price of 21 cents per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase a further common share at 25 cents for a period of three years.
Finders’ fees were paid in connection with the initial tranche of $14,700 payable in cash and 70,000 finders’ warrants having the same terms of the warrants issuable in the units.
All securities issued in the initial tranche are subject to a hold period in Canada expiring on April 6, 2017. Proceeds of the placement will be applied to further develop the company’s technologies and for general working capital.
Click here to connect with Natcore Technology Inc.(TSXV:NXT) to receive an Investor Presentation.