Volt Carbon Technologies Announces $200,000 Placement

Core Points - Volt Carbon Technologies Inc. plans to complete a non-brokered private placement financing of up to 10,000,000 units at a price of C$0.02 per unit, aiming for gross proceeds of up to C$200,000 [1][2] Group 1: Offering Details - Each unit will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional common share at an exercise price of C$0.05 for 24 months [2] - All securities issued will be subject to a four-month and one-day hold period, and there are no anticipated Finder's Fees associated with the offering [2][4] Group 2: Use of Proceeds - The proceeds from the offering will be used to pay outstanding payables, advance battery and mobile mineral separation technology, and for working capital [3] Group 3: Closing Conditions - The closing of the offering is subject to customary conditions and regulatory approvals, including approval from the TSX Venture Exchange, with an anticipated closing within approximately 30 business days [4]