Red Bank, NJ — (April 14, 2015) — Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) has completed the first tranche of its proposed non-brokered private placement, as announced on April 11, 2015. Gross proceeds of CDN$840,035 were raised through the sale of 1,200,050 units at a price of $0.70 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 $0.95 for a period of three years.
All securities issued in the initial tranche are subject to a hold period in Canada expiring on August 15, 2015. Additional restrictions may apply pursuant to Rule 144 of the Securities Act of 1933, as amended, to U.S. investors. Proceeds of the placement will be applied to further development of Natcore’s technologies and general working capital.
Additional tranches of the placement are anticipated hto be completed later in the week.
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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