Hillcrest Energy Advances with Successful Private Placement

Hillcrest Energy Technologies Ltd. (TSE:HEAT) has released an update.

Hillcrest Energy Technologies has successfully completed the second tranche of its non-brokered private placement, raising $895,500 through the issuance of 3,582,000 units at $0.25 each. The company is progressing towards a total private placement goal of $2 million, with the proceeds aimed at advancing technology development, commercialization, and general corporate needs. Investors in this tranche received both common shares and warrants, with potential for an accelerated warrant expiry under certain trading conditions.

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