Volt Resources Limited announced a private placement for gross proceeds of AUD 500,000 on July 2, 2024. The company issued Unsecured Debt at fixed coupon rate of 10% and mature after 4 months. The transaction include participation from new lenders Ven Capital Pty Ltd, Peter and Elaine Notman and Dominic Virgara.

The company has 5% of the Drawdown paid in cash and deducted from gross proceeds On the First Drawdown Date the Company will issue 5 million and one options with a 3 year maturity and exercise price of AUD 0.0075. The Investors will advance A$250,000 to the Company on or soon after the Execution Date.