Hillcrest Energy Finalizes Oversubscribed Private Placement

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

Hillcrest Energy Technologies Ltd. has successfully completed the third and final tranche of its non-brokered private placement, raising a total of $3.2 million through the sale of 12.87 million units. Each unit comprises a common share and a warrant, with the proceeds aimed at funding the company’s technology development, commercialization, and operational costs. The placement also included commissions and finders fees, with certain transactions involving the company’s CEO deemed related party transactions but exempt from specific regulatory requirements.

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