Hillcrest Energy Technologies Ltd. announced a non-brokered private placement of up to an aggregate of 3,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 750,000 on May 27, 2024. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share at an exercise price of CAD 0.30 per common share for a period of 36 months from the date of issuance.

The company may pay finders fees to eligible finders for services in connection with the offering in cash and/or finder's warrants exercisable into Units on the same terms as the Units distributed in the offering, in accordance with the policies of the CSE. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.