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Volt Carbon Technologies Announces Final Closing of Oversubscribed Private Placement for Gross Proceeds of $349,000 and Option Grant
TMX Newsfile· 2026-03-23 22:06
Core Viewpoint - Volt Carbon Technologies Inc. has successfully closed an oversubscribed non-brokered private placement financing, raising a total of C$349,000 through the issuance of 13,960,000 units at a price of C$0.025 per unit [1][2]. Financing Details - The offering was oversubscribed due to strong investor demand, with each unit consisting of one common share and one common share purchase warrant, allowing the purchase of an additional share at C$0.05 for 24 months [2]. - EMD Financial Inc. acted as a finder, introducing subscribers for gross proceeds of C$172,500, for which the company paid a finder’s fee of C$13,250 and issued 530,000 non-transferable finder's warrants [3]. Use of Proceeds - The proceeds from the offering will be utilized to scale up mobile separation, graphene, and battery technologies at the Guelph plant, support intellectual property development initiatives, and for general working capital [4]. Stock Option Grant - The company has granted 800,000 stock options to employees and contractors, each exercisable into one common share at a price of C$0.05 for five years, subject to TSX Venture Exchange approval [5]. 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].