Sign In  |  Register  |  About Walnut Creek Guide  |  Contact Us

Walnut Creek, CA
September 01, 2020 1:43pm
7-Day Forecast | Traffic
  • Search Hotels in Walnut Creek Guide

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) Announces Brokered, NonBrokered Private Placements

Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a pioneering clean-technology company offering transformative power-conversion technologies and state-of-the-art control system solutions, has announced a “best-efforts” brokered private placement. The placement is comprised of 10,000,000 units priced at $0.50 per unit resulting in gross proceeds of up to $5 million. The company noted that each unit includes one common share and one common share purchase warrant, with each warrant entitling the holder to acquire an additional common share $0.60 up to 24 months from the date of issuance. Canaccord Genuity Corp. is serving as lead agent and bookrunner and is working with other agents including PI Financial Corp. and Moneta Advisory Partners Corp. Currently, the company anticipates the offering will close on or around Sept. 26, 2023. According to the announcement, the company may also complete a concurrent nonbrokered private placement (“NBPP”). That placement may consist of 8,500,000 units for gross proceeds of up to $4,250,000. That announcement noted that there is no minimum concurrent NBPP and closing of the offering is not conditional upon the closing of the concurrent NBPP. Hillcrest plans to use the proceeds of both the offering and the concurrent NBPP for technology and product development and commercialization, as well as general working capital.

To view the full press release, visit https://ibn.fm/mKNWe

About Hillcrest Energy Technologies Ltd.

Hillcrest Energy Technologies is a clean-technology company developing high-value, high-performance power-conversion technologies and digital-control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future. For more information about the company, please visit www.HillcrestEnergy.tech.

NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://ibn.fm/HLRTF

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 WalnutCreekGuide.com & California Media Partners, LLC. All rights reserved.