$.10 placement from June is FREE trading now HTC PURENERGY INC. (DBA "HTC EXTRACTION SYSTEMS") ANNOUNCES PRIVATE PLACEMENT CLOSING
HTC Purenergy Inc. has closed the private placement, previously announced on May 24, 2019, by issuing 29.75 million units at a price of 10 cents per unit, for the gross proceeds of $2,975,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of HTC at 15 cents per common share until June 3, 2024. The common shares issued are subject to a hold period under applicable securities law until Oct. 5, 2019. Warrants are convertible by HTC, in its discretion, into common shares at the conversion price of 15 cents per common share in the event that the common shares trade at 80 cents or more for 20 or more consecutive trading days on the TSX Venture Exchange. Currently HTC has 68,413,741 common shares issued and outstanding. The private placement was approved by the board of directors of the corporation and the TSX Venture Exchange.