Volt Carbon Technologies Inc announced a non-brokered private placement to issue 10,000,000 units at a price of CAD 0.025 per unit for aggregate gross proceeds of CAD 250,000 on February 26, 2026. Each unit of the offering will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.05 per warrant share for a period of 24 months from the date of issuance.
No finders' fees, commissions, agent options or other compensation is anticipated in connection with the offering. All securities issued under the offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities legislation. Closing of the offering is subject to customary conditions and regulatory approvals, including the approval of the TSX Venture Exchange.
The company anticipates closing the offering within approximately 30 business days. No insiders intend to participate in the offering, and no new control persons will be created by the offering.
