RE:RE:RE:News PP first tranche closedPachuko wrote: they are closing the first tranche as the pp has stalled and those that bought are demanding the clock on their four month hold is running so they needed to issue the shares. the pp was started while the share price was 53 cents and it has dropped about 20 percent since that time. doesn't look like there is a lot of interest in the pp at this time and the longer it goes without being filled the worse it looks on the company. If they don't get moving on sales you will see operating costs eat up most of this.
this is not good news which is why you found it buried and not a big news release publicly.
Don't know what you mean by this statement as it wasn't "Buried" anywhere, it was released "Publicly" on Apr. 6th..! 2021-04-06 08:29 ET - News Release
Mr. Bryson Goodwin reports
EV BATTERY TECH ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT
Further to its news release dated Feb. 18, 2021, Extreme Vehicle Battery Technologies Corp. has closed the first tranche of its non-brokered private placement by issuing an aggregate of 6,296,000 units at a price of 50 cents per unit for gross proceeds of $3,148,000. The private placement is part of a larger offering of up to 10 million units.