Volt Carbon Technologies Announces Final Closing of Private Placement for Gross Proceeds of $300,000

Core Viewpoint - Volt Carbon Technologies has successfully completed the final tranche of its private placement, raising a total of $300,000 to support its operations and development initiatives [1][4]. Group 1: Private Placement Details - The final tranche involved the issuance of 6,000,000 units at a price of $0.025 per unit, generating gross proceeds of $150,000 [2]. - Combined with the first tranche, which also consisted of 6,000,000 units, the total gross proceeds from the offering amount to $300,000 [2]. - Each unit includes one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at an exercise price of $0.05 for 24 months [3]. Group 2: Use of Proceeds - The proceeds from the offering will be utilized for general working capital, advancing graphite processing technologies, and ongoing development related to battery initiatives [4]. Group 3: Company Overview - Volt Carbon Technologies is a publicly traded company focused on carbon science, energy storage, and green energy, with mining claims in Ontario, Quebec, and British Columbia [5].