So I don't understand why you are selling at 0.27¢ and 0.265¢ when we know very well that HPQ will go up to 0.275¢
HPQ Silicon arranges $2.5-million private placement
2023-10-16 10:36 ET - News Release
Mr. Bernard Tourillon reports
HPQ ANNOUNCES NON-BROKER PRIVATE PLACEMENT OF UNITS
HPQ Silicon Inc. intends to proceed with a non-brokered private placement of units for up to $2.5-million. The company intends to use the net proceeds to finance its continuing silicon, fumed silica and hydrogen initiatives and for general corporate purposes.
Private placement highlights:
- Non-brokered private placement financing of up to 9,090,910 units at a price of 27.5 cents per unit for gross proceeds of $2.5-million.
Each unit comprises one common share and one common share purchase warrant of the company. Each warrant will entitle the holder thereof to purchase one common share of the capital stock of the company at an exercise price of 30 cents for a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four-month-and-one-day holding period from the date of closing of the placement. This placement is subject to the approval of the TSX Venture Exchange and any other regulatory authorities. In connection with the placement, the company could pay a finder's fee, in the form of cash, shares, warrants and/or options.
Under special conditions and at its sole discretion, the company can increase the size of placement to $4.4-million.
About HPQ Silicon Inc.
HPQ Silicon is a Quebec-based TSX Venture Exchange Tier 1 industrial issuer. HPQ is developing, with the support of world-class technology partners PyroGenesis Canada Inc. and Novacium SAS, new green processes crucial to make the critical materials needed to reach net-zero emissions.