Core Viewpoint - Hillcrest Energy Technologies has successfully closed the final tranche of its offering, raising gross proceeds of approximately $4.59 million, which will be utilized for the development of its ZVS technology and other operational needs [1][5]. Group 1: Offering Details - The final tranche raised gross proceeds of $4,593,118.86 at a price of $0.09 per Unit, consisting of $3,642,879.96 from the issuance of 40,476,444 Units and $950,238.90 from the issuance of 10,558,210 Units for debt settlement [1]. - The total Cash Offering size across all tranches was 48,972,556 Units for gross proceeds of approximately $4,407,530, while the total Debt Settlement size was 31,581,634 Units for approximately $2,842,347 of debt [1]. Group 2: Unit Composition - Each Unit consists of one Common Share and one Warrant, resulting in the issuance of a total of 51,034,654 Common Shares and 51,034,654 Warrants [2]. Group 3: Strategic Importance - The closing of this tranche is viewed as a significant milestone for the company, enhancing its balance sheet and supporting the commercialization of its ZVS technology [3]. - The investment from Pasqua First Nation, amounting to $3 million, is aimed at further developing Hillcrest's ZVS technology and supporting general operating needs [4]. Group 4: Use of Proceeds - Proceeds from the final tranche will be allocated towards the development of ZVS technology, marketing efforts, investor relations, retirement of accounts payable, and general working capital [5].