HPQ Silicon Inc.: Final Closing of Financing
24 November 2023 - 7:00PM
HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ)
(OTCQB: HPQFF) (FRA: O08), a technology company
specializing in green engineering processes for silica and silicon
material production is pleased to inform shareholders that it
closed the its Non-Brokered Private placement financing announced
on October 16, 2023. In addition to the 1,225,500 units as
announced on November 16, 2023, the company announces the closing
of additional 981,818 units at a price of $ 0.275 per unit for
a gross proceed of $ 269,999.94, bringing the total amount
raised at $ 607,012.44 and the total number of units issued at
2,207,318.
“Successfully raising more than $ 600,000 at a premium of
almost 9% to market, in these less-than-ideal market conditions, is
another demonstration of the interest in the HPQ value
proposition,” said Mr. Bernard Tourillon, President and CEO of HPQ
Silicon Inc.
Each Unit is comprised of one (1) common share and one (1)
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 $ 0.30 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
(4) month and one (1) day holding period from the date of closing
of the placement.
In connection with the placement, Stephen Avenues Securities
Inc. of Toronto, Ontario,
received a cash commission equal to $ 9,075 and the Company
issued to them 33,000 broker warrants, and Research Capital of
Toronto, Ontario received a cash commission equal to $ 1,500
and the Company issued to them 5,454 broker warrants. Each Broker
Warrant will entitle the Broker to acquire one common share of the
company at a price of $0.30 per share for a period of 24 months
following the Closing Date.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
“U.S. Securities Act”) or any state securities
laws and may not be offered or sold within the United States or to
U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
About HPQ Silicon
HPQ Silicon Inc. (TSX-V: HPQ) 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.
HPQ activities are centred around the following
four (4) pillars:
- Becoming a green low-cost (Capex and Opex) manufacturer of
Fumed Silica using the FUMED SILICA REACTOR, a
proprietary technology owned by HPQ being developed for HPQ by
PyroGenesis.
- Becoming a zero CO2 low-cost (Capex and Opex) producer of High
Purity Silicon (2N+ to 4N) using our
PUREVAPTM “Quartz
Reduction Reactors” (QRR), a proprietary technology owned
by HPQ being developed for HPQ by PyroGenesis.
- Becoming a producer of silicon-based anode materials for
battery applications with the assistance of NOVACIUM SAS.
- HPQ SILICON affiliate NOVACIUM SAS is developing a low carbon,
chemical base on demand and high-pressure autonomous hydrogen
production system.
For more information, please visit HPQ Silicon
web site.
Disclaimers:
This press release contains certain
forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate",
"continue", "anticipate", "intend", "expect", "in the process" and
other similar expressions which constitute "forward-looking
information" within the meaning of applicable securities laws.
Forward-looking statements reflect the Company's current
expectation and assumptions and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially from those anticipated. These forward-looking statements
involve risks and uncertainties including, but not limited to, our
expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to
research and development, the impact of competitive products and
pricing, new product development, and uncertainties related to the
regulatory approval process. Such statements reflect the current
views of the Company with respect to future events and are subject
to certain risks and uncertainties and other risks detailed from
time-to-time in the Company's ongoing filings with the security’s
regulatory authorities, which filings can be found at
www.sedar.com. Actual results, events, and performance may differ
materially. Readers are cautioned not to place undue reliance on
these forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements either as a result of new information, future events or
otherwise, except as required by applicable securities laws.
Neither the 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.
This News Release is available on the
company's CEO Verified Discussion Forum, a moderated social
media platform that enables civilized discussion and Q&A
between Management and Shareholders.
Source: HPQ Silicon Inc.For further
information contact: Bernard J. Tourillon, Chairman,
President, and CEO Tel +1 (514) 846-3271Patrick Levasseur, Director
Tel: +1 (514) 262-9239Email: Info@hpqsilicon.com
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