Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Acceleware Ltd. is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. Its segments include High-Performance Computing (HPC) and RF Heating. The HPC segment sells proprietary high-performance computing software and related consulting services and training programs to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to advanced electromagnetic heating using radio frequency (RF) energy. It is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands. It is also working with a consortium of potash partners on a pilot project using its patented and field proven Clean Tech Inverter (CTI) to decarbonize drying of potash ore and other minerals. It is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.


TSXV:AXE - Post by User

Post by ztransforms173on Aug 18, 2023 6:24pm
153 Views
Post# 35595725

$ 2M $0.23 Per Unit FINANCING Expected To CLOSE Next MONDAY

$ 2M $0.23 Per Unit FINANCING Expected To CLOSE Next MONDAY- Financings

* On June 6, 2023, Acceleware announced a non-brokered private placement of units at a price of 23 cents per unit for gross proceeds of up to $2-million. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share of Acceleware at 30 cents for a period of 24 months from the date of the issuance of the warrant. In the event the common shares trade at a closing price at or greater than 69 cents per common share for a period of 30 consecutive trading days, the company may accelerate the expiry date of the warrants by giving notice to the holders thereof, and in such case, the warrants will expire on the 30th day after the date on which such notice is given. The offering is expected to close on Aug. 21, 2023.

- Workover Operations

The Acceleware team commenced final on-site workover operations on Aug. 8, 2023, after completion in the first half of 2023 extensive design, procurement, shop testing and derisking of repaired parts, upgraded components, run-in-hole procedures, and deployment tooling. Based on initial progress, Acceleware now anticipates this stage of the operation to take approximately four to six weeks, contingent upon weather and other factors. Power-up and heating are expected to commence shortly thereafter.

- so the Workover Operations went from two (2) to four (4) weeks to NOW from FOUR (4) to SIX (6) weeks

z173


<< Previous
Bullboard Posts
Next >>