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HPQ Announces Non-Broker Private Placement of Units
HPHP(US:HPQ) Globenewswire·2025-05-29 19:00

Core Viewpoint - HPQ Silicon Inc. is proceeding with a non-brokered private placement of 2,300,000 Units for gross proceeds of $414,000 to finance ongoing initiatives and general corporate purposes [1][2]. Group 1: Private Placement Details - The private placement consists of 2,300,000 Units priced at $0.18 per unit, with a potential increase to a maximum of 5,283,050 Units for total gross proceeds of up to $950,950 [2]. - Each Unit includes one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.25 for 48 months [3]. - The offering is subject to a mandatory holding period of four months and one day from the closing date and is available to accredited investors [3]. Group 2: Company Background and Strategic Focus - HPQ Silicon Inc. is a Quebec-based technology company focused on advanced materials and critical process development, aiming to achieve net-zero goals through innovative technologies [6]. - The company is developing proprietary technologies such as the FUMED SILICA REACTOR for low-cost fumed silica production and PUREVAP™ for high purity silicon production [6]. - HPQ is also collaborating with partners to produce silicon-based anode materials for batteries and to develop hydrogen production systems and waste-to-energy processes [6]. Group 3: Management Insights - The President and CEO of HPQ Silicon Inc., Bernard Tourillon, stated that the financing is intended to provide the foundation necessary to capitalize on larger opportunities currently being pursued by the company [5].