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Volt Carbon Technologies Inc. (TSXV: VCT,OTC:TORVF) (OTCQB: TORVF) ("Volt Carbon" or the "Company"), with reference to its prior news releases dated October 22, 2025 and October 24, 2025, is pleased to announce the second and final tranche (the "Final Tranche") of its non-brokered private placement (the "Offering").
Under the Final Tranche, the Company issued 6,000,000 units ("Units") at a price of $0.025 per Unit for gross proceeds of $150,000. Together with the first tranche of 6,000,000 Units closed on October 24, 2025, the Company has raised aggregate gross proceeds of $300,000 under the Offering. No finder's fees are payable in connection with the Offering.
Each Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.05 for a period of 24 months from the date of issuance.
All securities issued under the Final Tranche are subject to a statutory hold period of four months and one day in accordance with applicable securities laws. No finder's fees were paid in connection with the Offering.
With the completion of the Final Tranche, the Company has now closed the Offering in full as previously announced.
Final approval of the Offering remains subject to the TSX Venture Exchange. The Company intends to use the proceeds of the Offering for general working capital, continued advancement of its graphite processing technologies, and ongoing development work related to its battery initiatives.
About Volt Carbon Technologies
Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec and British Columbia in Canada. For the latest information on Volt Carbon's properties and news, please refer to the website www.voltcarbontech.com.
On behalf of the Board of Directors,
Volt Carbon Technologies Inc.
V-Bond Lee, P. Eng.CEO, President, Chairman of the Board and Director
Information Contact :
Email: info@voltcarbontech.com
Tel: (519-763-1197)
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Volt Carbon's business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "intends" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Such forward-looking statements include those with respect to the Company's intended use of proceeds and its ongoing development initiatives.
Statements of past performance should not be construed as an indication of future performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.
All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Volt Carbon assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities legislation.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275216
