HPQ Silicon Inc V.HPQ

Alternate Symbol(s): HPQFF

HPQ Silicon Inc. (HPQ) is a Canada-based technology company specializing in green engineering of silica and silicon-based materials. The Company is engaged in developing, with the support of technology partners PyroGenesis Canada Inc. (PyroGenesis) and Novacium SAS, new green processes to make the critical materials needed to reach net zero emissions. Its activities are centered around the three pillars: becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the Fumed Silica Reactor, a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis; becoming a producer of silicon-based anode materials for battery applications with the assistance of Novacium SAS, and Novacium SAS is engaged in developing a low carbon, chemical base on demand and high-pressure autonomous hydrogen production system. The Company operates in a single operating segment, segment, being the sector of the transformation of quartz into silicon materials and derivative products.

TSXV:HPQ - Post by User

HPQ Silicon Inc

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Comment by LeMarcuson Feb 03, 2017 4:07pm

176 Views

Post# 25797461

RE:RE:HPQ.v - ready to fly like XMG and NXO

LeMarcus wrote: The 10% is a standard Venture PP formulation. Was the same with the last 14cents placement, i don't think any insider added shares in december.

2016 Payment to PYR was to be 1.9 and they paid only 1.2M so they were 0.7M short. I guess PYR gave them a bit more time either to secure public fund or go back to equity market. I don't think it means they are speeding up anything. It's going as fast as they can (actually, 1 month late on the R&D that was planned for completion in Jan... not Feb).

Nothing to read between the lines. HPQ needs cash... so they raise money!
Good thing is with that 5.9M + 6M (PP could be extended another 6M if demand is there) they will have 2M+/- in addtional fund. That will cover the mjissing 700k from 2016 and pay for regulatory obligations and a probably sourcing of equipement they are ready to order at this point of plant design.

This will also leave more room for upside... as they should have all $$$ required if they have the public funding!

brodeur wrote:
last PP before this takes off. insiders loading up. take the cue. read between the lines.

"Insider participation in this placement could account for up to 10 per cent of the total amount subscribed "