09:54:55 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Natcore Technology Inc
Symbol NXT
Shares Issued 66,018,602
Close 2017-02-17 C$ 0.24
Market Cap C$ 15,844,464
Recent Sedar Documents

Natcore closes private placement for $221,000

2017-02-18 00:54 ET - News Release

Mr. David Rutkin reports

NATCORE TECHNOLOGY CLOSES PRIVATE PLACEMENT

Natcore Technology Inc. has completed its proposed non-brokered private placement, as announced on Feb. 3, 2017. Gross proceeds of $221,000 were raised through the sale of 650,000 units at a price of 34 cents per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase a further common share at 40 cents for a period of 36 months.

Finders' fees of $15,470 were paid in cash in association with the placement, and 45,500 finders' warrants, bearing the same terms as the placement warrants, were issued.

All securities issued in the initial tranche are subject to a hold period in Canada expiring on June 16, 2017. Proceeds of the placement will be applied to further development of Natcore's technologies and general working capital.

Additionally, Natcore confirms it has issued 140,000 shares to a consultant for legal services rendered, such shares bearing a hold period in Canada expiring on June 9, 2017.

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