HPQ Silicon Closed $3.0 Million Non-Brokered Private Placement

Core Viewpoint - HPQ Silicon Inc. has successfully closed a non-brokered private placement, raising a total of $3 million CAD through the issuance of 18,181,819 units at a price of $0.165 CAD per unit, aimed at advancing its innovative projects in silicon and hydrogen technologies [1][2]. Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one non-transferable warrant, with the warrants exercisable at $0.25 CAD for 24 months [2]. - The offering was fully subscribed by an investor outside of Canada [2]. - A cash finder's fee of $180,000 will be paid, along with the issuance of 1,090,909 non-transferable warrants to the finder, also exercisable at $0.25 CAD for 24 months [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for general working capital, accelerating the execution of the Silicon-Based Battery Material pilot plant project, and continuing the development of hydrogen-based projects [4]. Group 3: Company Overview - HPQ Silicon Inc. is focused on advanced materials technology, particularly in the production of high-purity silicon and silica for energy storage and industrial applications [1][6]. - The company is developing next-generation silicon-based anode materials and is involved in clean-hydrogen and waste-to-energy technologies, holding exclusive North American rights [6][7]. - HPQ aims to become a low-cost, zero-CO₂ producer of fumed silica and high-purity silicon, supported by technical partnerships [7].