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Hillcrest Energy Technologies Ltd V.HRH


Primary Symbol: HLRTD

Hillcrest Energy Technologies is a clean tech innovation company developing high value, high-performance control systems and electric power conversion devices for next-generation powertrains, charging applications and grid-connected renewable energy generation and storage systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power the future.


OTCQB:HLRTD - Post by User

Post by lscfaon Jan 24, 2021 9:11am
336 Views
Post# 32370405

TSXV approval

TSXV approval

Hillcrest Petroleum Ltd. ("HRH")
BULLETIN TYPE: Private Placement Non-Brokered
BULLETIN DATE: January 22, 2021 
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 18, 2021:

Number of Shares:

25,340,000 shares

 
     

Purchase Price:

$0.05 per share

 
     

Warrants:

25,340,000 share purchase warrants to purchase 25,340,000 shares

 
     

Warrant Exercise Price:

$0.10 for a two-year period

 
     

Number of Placees:

29 placees

 
     
     

Insider / Pro Group Participation:

   
     

Name 

Insider=Y / ProGroup=P  

# of Shares

Donald Currie

Y

1,500,000

Aggregate Pro Group Involvement 

2,400,000

6 placees

   
     

Finder's Fee: 

Raymond James Ltd. – $20,960 cash and 419,200 finder's warrants.  
Venture Liquidity Providers Inc. – $12,800 cash and 256,000 finder's warrants.  

 
     
 

Each non-transferable finder warrant is exercisable into one common share of the Company at a price of $0.10 per share for a two-year period.

 

         

Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release on January 18, 2021 announcing the closing of the private placement and setting out the expiry date of the hold periods. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

 
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