Volt Carbon Technologies Announces $175,000 Placement

Core Viewpoint - Volt Carbon Technologies Inc. is planning a non-brokered private placement financing to raise up to C$175,000 by issuing 5,000,000 units at a price of C$0.035 per unit [1][2]. Group 1: Offering Details - The Offering will consist of 5,000,000 units, each comprising one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at C$0.05 for 24 months [2]. - All securities issued will be subject to a hold period of four months and one day, and no finder's fees or commissions are expected [2]. Group 2: Use of Proceeds - The proceeds from the Offering will be utilized for intellectual property development, advancing battery and mobile mineral separation technologies, and general working capital [3]. Group 3: Closing Conditions - The closing of the Offering is contingent upon customary conditions and regulatory approvals, including approval from the TSX Venture Exchange, with an anticipated closing within approximately 30 business days [4]. - No insiders are expected to participate in the Offering, and no new control persons will be created as a result [4]. Group 4: Company Overview - Volt Carbon is a publicly traded carbon science company focused on energy storage and green energy creation, with mining claims in Ontario, Quebec, and British Columbia [6].