Hillcrest Energy Technologies (TSE:HEAT) has released an update.
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Hillcrest Energy Technologies has finalized the latest drawdown from its $5 million equity facility, securing $540,000 for technology development, commercialization, and working capital. This transaction includes the issuance of over 2 million units, combining shares and warrants, and additional shares to cover drawdown fees. The company’s ongoing financing through this facility totals approximately $1.47 million and includes a mix of shares and warrants issued.
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