Red Bank, NJ — (January 15, 2015) — Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) has arranged a $500,000 private placement with a US $100,000 over-allotment option.
The non-brokered private placement involves the sale of up to 1,162,790 units at a price of $0.43 per Unit for aggregate gross proceeds of $500,000. Each unit comprises one common share and one share purchase warrant. Each warrant will entitle the holder to purchase of a further common share at $0.70 for a period of three years from closing.
In the event the over-allotment option is fulfilled, an additional 232,558 units will be issued.
Finder’s fees may be payable on all or portion of the financing. Proceeds of the placement will be applied further development of Natcore’s technologies and general working capital. The completion of the placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.
# # # # #
Comments are closed.