Then we have this beauty Gem PP Prop . 2021-01-18 18:38 ET - News Release

 

Mr. Bryson Goodwin reports

EV BATTERY TECH ANNOUNCES PRIVATE PLACEMENT

Extreme Vehicle Battery Technologies Corp. intends to undertake a non-brokered private placement for gross proceeds of up to $2.5-million through the issuance of up to 12.5 million units at a price of 20 cents per unit.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will be exercisable into one common share at an exercise price of 50 cents for a period of three years from the issuance date, subject to acceleration, at the company's discretion, in the event that the common shares trade at a price on the Canadian Securities Exchange of greater than 75 cents per common share for a period of 10 consecutive trading days.

The company intends to use the proceeds from the offering toward product development, research and development, and for general working capital.

About Extreme Vehicle Battery Technologies Corp.

Extreme Vehicle Battery Technologies is a blockchain and battery technology company with revolutionary, patented battery management systems (BMS) designed to meet the growing demand for scalable, smart solutions for the rapidly growing electric vehicle (EV) and energy storage solution (ESS) markets. The company has committed to assisting global recycling solutions by offering recycling initiatives using its technology to analyze and fully refurbish used batteries.

We seek Safe Harbor. (Quote ) While HRH will have 25 million shares at a Nickel coming out down the road . So ACDC 20 cents, 50 cents, 75 cents , HRH A Nickel then a Dime so looks like insiders and friends lining there pockets at the retails expense while ACDC looks for much bigger targets to exercise warrents AND less dilution but thats just make take . Long ACDC and gl with HRH Prop Cheers .  . VANCOUVER, B.C. - TheNewswire - January 18, 2021 – Hillcrest Petroleum Ltd. (the “ Company ” or “ Hillcrest ”) ( TSXV:HRH) ( OTC:HLRTF) , announces that it has closed a non-brokered private placement of up 25,340,000 units of the Company (the “ Units ”) at a price of $0.05 per Unit for gross proceeds of up to $1,267,000 (the “ Offering ”). Each unit consists of one common share (a “ Share ”) and one share purchase warrant (the “ Warrant ”). Each Warrant will be exercisable into an additional common share of the Company at a price of $0.10 per share for a period of two years.

The subscribers to the Offering include an officer who subscribed for 1,500,000 Units. The issuance of Shares to this offer constitutes a "related party transaction" as this term is defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions (“ MI 61-101 ”). The Company is relying on the exemption from valuation requirement and minority approval pursuant to subsection 5.5(a) and 5.7(a) of MI 61-101, respectively, as the securities do not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101.

The Company intends to use the proceeds of the Offering for well maintenance on the Company’s existing wells, preparation for the drilling of a new well, retirement or reduction of payables, the payment of provincial royalties related to its oil and gas operations, and further development of the Company’s energy portfolio through the establishment of a local energy laboratory, as well as for general working capital purposes.

The Company paid eligible finders a cash commission in the aggregate amount of $33,760 and issued an aggregate of 675,200 non-transferable finder’s warrants (the “ Finder’s Warrants ”). Each Finder’s Warrant entitles the holder to purchase one additional Share at a price of $0.10 per Share for a period of two years from the closing of the Offering.

All securities issued in connection with the Offering are subject to a four month hold period expiring on May 19, 2021 in accordance with applicable securities laws.