Natcore Closes $605,228 Second Tranche of Financing

Natcore Technology Inc. (TSXV:NXT) announced it has completed the second tranche of its proposed non-brokered private placement, as announced on Nov. 26, 2015. Gross proceeds of $605,228.04 were raised through the sale of 1,681,189 units at a price of 36 cents per unit. Each unit comprises one common share and one share purchase warrant. Each warrant entitles the holder to purchase of a further common share at 55 cents for a period of three years.
All securities issued in the initial tranche are subject to a hold period in Canada expiring on April 19, 2016. Proceeds of the placement will be applied to further development of Natcore’s technologies and general working capital. A third and final tranche of the placement is expected to close on or before Jan. 5, 2016.
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