Volt Carbon Technologies Announces Final Closing of Oversubscribed Private Placement for Gross Proceeds of $197,050

Core Viewpoint - Volt Carbon Technologies Inc. has successfully closed an oversubscribed non-brokered private placement financing, raising a total of C$197,050 through the issuance of 5,630,000 units at a price of C$0.035 per unit [1][2]. Financing Details - The offering was oversubscribed due to strong investor demand, resulting in the issuance of 5,630,000 units, each consisting of one common share and one common share purchase warrant [2]. - Each warrant allows the holder to purchase an additional common share at an exercise price of C$0.05 for a period of 24 months from the issuance date [2]. - The total gross proceeds from the offering amounted to C$197,050 [2]. Use of Proceeds - The proceeds from the offering will be utilized to support intellectual property development initiatives, advance battery and mobile mineral separation technologies, and for general working capital [3]. Regulatory Approval - The closing of the offering is subject to final approval from the TSX Venture Exchange [4]. Company Overview - Volt Carbon Technologies is a publicly traded carbon science company focused on energy storage and green energy creation, with mining claims in Ontario, Quebec, and British Columbia, Canada [5].