Natcore Technology closes final tranche of private placement

Rochester, NY — (November 22, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed the second and final tranche of its proposed non-brokered private placement, as announced on November 2, 2016. Gross proceeds of $98,325.00 were raised through the sale of 427,500 units at a price of $0.23 per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase of a further common share at $0.30 for a period of three years.

Finder’s fees were paid in connection with the second tranche of $483 payable in cash and 2,100 finder’s warrants having the same terms of the warrants issuable in the units.

All securities issued in the initial tranche are subject to a hold period in Canada expiring on March 23, 2017. Proceeds of the placement will be applied to further development of the company’s technologies and general working capital.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.  Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.